宁德时代跌超4% 电池出口退税新政出台 碳酸锂价格继续飙涨

Core Viewpoint - The recent surge in lithium carbonate prices and changes in export tax policies for battery products are impacting the battery industry, particularly companies with established overseas production capacity [1] Group 1: Lithium Carbonate Price Surge - Lithium carbonate prices have rapidly increased, breaking through multiple thresholds, reaching 156,060 yuan/ton, a rise of over 150% from the low in June of the previous year [1] - The main futures contract for lithium carbonate has hit the upper limit, reflecting strong market demand [1] Group 2: Export Tax Policy Changes - The Ministry of Finance and the State Taxation Administration announced a reduction in the export tax rebate rate for battery products from 9% to 6% starting April 1, 2026, and the complete cancellation of the rebate from January 1, 2027 [1] - This adjustment is viewed as a staggered reduction, providing a buffer period for the lithium battery industry, with expectations of increased export activity before the changes take effect [1] Group 3: Market Outlook - Huatai Securities anticipates that the reduction in export tax rates will likely elevate overseas prices for corresponding products, benefiting companies with existing overseas production capacity [1] - The firm is optimistic about leading battery manufacturers that have established overseas operations, expecting them to enhance profitability due to the anticipated price increases [1]