从“锂”赔到稳赢：碳酸锂中小微企业的产融结合实践

Core Insights - The article highlights the challenges faced by small and medium-sized enterprises (SMEs) in the lithium carbonate market due to significant price volatility and the strategies employed by Company D to mitigate these risks through futures risk management tools [1][2]. Project Background - The demand for lithium carbonate, a key raw material for lithium batteries, has seen exponential growth amid the implementation of the "dual carbon" strategy, but prices have fluctuated over 50% in 2023, dropping from 500,000 yuan per ton to below 200,000 yuan [2]. - Company D, a small and medium-sized enterprise in the lithium carbonate processing sector, faces high R&D costs and intense market competition, exacerbated by price volatility leading to unstable profits and challenging inventory management [2]. Service Process - Company D plans to sell battery-grade lithium carbonate that meets futures delivery standards in 2024 but faces high costs and price fluctuations. A futures risk management company conducted a comprehensive analysis of the lithium carbonate supply chain, determining that a cost of 6,500 yuan per ton would cover all expenses, providing a safety net for the company [3]. Strategic Approach - The company implemented a strategy of dividing sales over 20 trading days and using dynamic pricing based on the previous day's SMM average price to mitigate market impact and align with market trends [4][6]. Risk Management - A three-tiered risk management approach was adopted, which included: 1. Diversifying sales over 20 trading days to reduce price impact [7]. 2. Dynamic pricing to hedge when market prices exceed spot prices [7]. 3. Multi-channel monetization to capture market lows and reduce risks [7]. Final Outcomes - Through this collaboration, Company D successfully locked in profits from the sale of 90 tons of lithium carbonate, avoiding losses exceeding 1 million yuan due to price fluctuations, ensuring stable income for operational costs [8]. Innovative Model - The "non-standard to standard + forward pricing" model creatively integrates futures hedging tools with actual production needs, addressing the challenges of non-standard product circulation and pricing while promoting standardization in the processing sector [9]. Ecological Value - The case of Company D serves as a replicable risk management template for SMEs in the new energy industry, enhancing market competitiveness and supporting the dual carbon goals by reducing costs and increasing efficiency in the lithium battery sector [10].