Straight up 30,000 CNY/ton! These chemical raw materials have skyrocketed collectively!

Yesterday (19th), Polyfluoropoly Chemicals, one of the world’s leading enterprises in the field of lithium hexafluorophosphate, issued an announcement stating that according to the current domestic and international lithium hexafluorophosphate market conditions, the Polyfluoropoly Chemicals Management Committee decided that from now on, the sales price of the company’s lithium hexafluorophosphate is at On the basis of the original price, we will raise RMB 30,000/ton for various domestic customers and USD 4,500/ton (approximately RMB 29341/ton) for international customers.

Polyfluoride is a global leader in the production of fluoride salts and the first domestic enterprise to realize the import substitution of lithium hexafluorophosphate, the core material of lithium-ion batteries. It had previously predicted that in the first quarter of 2021, the net profit attributable to shareholders of listed companies would be between 90 million yuan and 95 million yuan, a year-on-year increase of 7183.91% -7588.57%. The reason is that the demand for downstream lithium batteries is strong, and lithium hexafluorophosphate is used as power lithium. The price of the core material of battery electrolyte has increased significantly. According to the Coating Purchasing Network, with the rapid growth of new energy vehicle production and sales, the upstream lithium battery industry chain has become a "sweet cake". Starting last year, the domestic lithium battery shipments have increased, and the domestic lithium battery industry needs the chemical industry. Raw materials have also received a greater pull, and prices have risen linearly.
The gap continues to enlarge, lithium hexafluorophosphate rises by 90,000 CNY/ton, an increase of 157%
At present, the shipment price of lithium hexafluorophosphate has reached 160,000 CNY/ton to 180,000 CNY/ton, an increase of more than 80% during the year, an increase of 90,000 CNY/ton from 70,000 CNY/ton in September last year, an increase of 157%, and the price has doubled compared with the same period last year. , The average price is expected to reach 200,000 CNY/ton by the end of December. The small customer delivery price of lithium hexafluorophosphate has reached 220,000 CNY/ton. Since the second half of last year, the prosperity of the new energy automobile industry has continued to rise. It has refreshed the monthly production and sales record for 8 consecutive months. The supply and demand of key lithium battery materials are tight. The current lithium hexafluorophosphate enterprises are almost full. Production started.
Supply is tight. Lithium carbonate rises by 10,000 CNY/ton in a month, up 71.2% during the year
At present, the mainstream price of battery-grade lithium carbonate is 88,000-95,000 CNY/ton, an increase of 6,000-10,000 CNY/ton within the month, which is 71.2% higher than the price at the beginning of the year. The spot price has doubled in four months and will increase almost every other day. Compared with 40,000 CNY/ton in August 2020, the increase is more than 100%. Industry insiders estimate that compared with the current price, the price of lithium still has a 50% increase. In 2021, the highest lithium carbonate may reach 95,000 CNY/ton.
According to reports, in response to the rapid increase in the number of cases caused by the new crown virus, Chile, the world's largest supplier of lithium raw materials, decided to close its borders from April 5 to May 1. According to industry analysts, Chile’s closure of the country will result in a significant reduction in the supply of imported lithium carbonate, with an impact on the market by more than 20%. Supply is tight and demand continues to be strong. It is expected that the price of lithium carbonate will maintain an upward trend in the second quarter.
Inventory is low, and lithium hydroxide is raised at a lower point by 27,000 CNY/ton, up by more than 50% during the year
At present, the mainstream quotation of industrial grade lithium hydroxide is 72,000-75,000 CNY/ton, an increase of 51.7% during the year, and a lower point of 23,000 CNY/ton. Zigong Tongfarong Industrial quoted 76,000 CNY/ton, Shanghai Oujin Industrial quoted 80,000 CNY/ton, and Shanghai Yulun Industrial quoted 85,000 CNY/ton. The mainstream price of battery-grade lithium hydroxide (coarse particles) is 78,000-80,000 CNY/ton, and the lower point is up 27,000 CNY/ton, an increase of 50.94%. Merchant spot prices follow the market, and actual transaction prices are mainly negotiated, and it is difficult to find low-priced sources in the market.
The upstream lithium concentrate is still in short supply, and lithium hydroxide has entered a tight supply and demand pattern. After the initial destocking stage, domestic lithium hydroxide manufacturers have already had a low inventory, and the price is expected to continue to accelerate upward.
Market share increased, lithium iron phosphate rose by 15,000 CNY/ton, an increase of 40.54%
Entering 2021, the power battery market is quietly changing, and the price of lithium iron phosphate has soared, becoming the mainstream of the new era. The current price of lithium iron phosphate is around 48,000-52,000 CNY/ton, an increase of 15,000 CNY/ton from 37,000 CNY/ton at the beginning of the year, an increase of 40.54%, and leading companies are operating at full production.
Supply and demand are tight, dimethyl carbonate rises by 1,000 CNY/ton, a year-on-year increase of 40%
The current mainstream electrolyte solvent is battery-grade DMC, which is derived from industrial-grade DMC rectification, with high product purity requirements, greater process difficulty, long customer verification cycles, and high entry barriers, resulting in a relatively short production capacity at this stage. This week, the inventory transfer of some factories on the market, coupled with the centralized procurement of downstream terminals, has increased prices. Domestic dimethyl carbonate is quoted at 7,500 CNY/ton, an increase of 1,000 CNY/ton from the beginning of the month, an increase of 15.38%, and an increase of about 40% over the same period last year.

The industrial chain and the related raw materials of the industrial chain have been pulled up simultaneously, and the derivative industrial chain has been affected multiple times
The soaring prices of lithium hexafluorophosphate, dimethyl carbonate, lithium hydroxide, lithium iron phosphate, and lithium carbonate have played a "pushing" role in the upstream and downstream products of their respective industrial chains. At the same time, a variety of chemical raw materials upstream and downstream products and derivative industrial chain products Also "smeared", prices rose across the board.
Epoxy resin: The current price of East China liquid resin is around 41,000 CNY/ton, an increase of 20,000 CNY/ton from the beginning of the year, an increase of 95.24%. The price of solid epoxy resin is around 37,000 CNY/ton, an increase of 19,500 CNY/ton or 114.29% from the beginning of the year. Equipment: Yangnong Kumho was shut down for maintenance, and the remaining liquid resin equipment was basically operating normally. The operating rate of solid epoxy resin continues to be low. For liquid epoxy resin, Yangnong Jinhu, Jinan Tianmao, Baling Petrochemical are not quoting, and for solid epoxy resin, Huangshan Fifth Ring Road and Huangshan Hengliang are not quoting.

acetic acid: The current acetic acid price in East China is above 7,000 CNY/ton, an increase of 2,700 CNY/ton or 62.79% from the beginning of the year. The main reason is the imbalance between supply and demand. The downstream increase of acetic acid is mainly concentrated in the PTA industry, with a cumulative new capacity of 8.7 million tons per year, which is equivalent to an increase in demand for acetic acid of about 500,000 tons per year in theory. From the perspective of supply, in 2020, only Shaanxi will extend the production capacity of acetic acid by 100,000 tons per year, so its supply support effect is minimal.
Acrylic Acid: On the 19th, Wanhua Chemical’s quotation for acrylic acid in North China was 10,400 CNY/ton, an increase of 2,400 CNY/ton from the beginning of the year’s 8,000 CNY/ton, an increase of 30%; the eastern China quotation was 10,500 CNY/ton, an increase from the beginning of the year’s quotation of 8,100 CNY/ton 2400 CNY/ton, an increase of 29.63%.
N-Butyraldehyde: On the 19th, the price of n-butyraldehyde was 12,150 CNY/ton, a daily increase of 1,200 CNY/ton, an increase of about 2,000 CNY/ton from the beginning of the month, an increase of 19.70%.
Propylene: On the 19th, Wanhua Chemical's propylene quoted price was 8550 CNY/ton, an increase of 1200 CNY/ton or 16.33% from the 7350 CNY/ton at the beginning of the year. Currently, there are not many domestic inventories, some installations are overhauled, the crude oil market has risen slightly, and the downstream operating rate is acceptable, but the market has improved and polypropylene futures have risen. It is expected that there will be a slight increase in the market outlook.
Epichlorohydrin: The price sentiment of epichlorohydrin plants has risen recently, and the export orders of the plants have increased, and the offer is mainly to push up. At present, the price of epichlorohydrin in the East China market is around 16,600 CNY/ton, an increase of about 2,200 CNY/ton or 15.28% from last week. Taking into account the uncertainties of future raw materials and the market, some factories have closed their orders without reporting, and the volume of new orders is small.

Butanol: On the 19th, the price of n-butanol was 12,567 CNY/ton, a daily increase of 783 CNY/ton, an increase of about 1,600 CNY/ton from the beginning of the month, an increase of 14.59%.
Isobutyraldehyde: On the 19th, the price of isobutyraldehyde was 14,350 CNY/ton, a daily increase of 900 CNY/ton, an increase of about 1,700 CNY/ton from the beginning of the month, an increase of 13.44%.
Bisphenol A: On the 19th, bisphenol A was quoted at RMB 30,000/ton, an increase of RMB 3,400/ton within the month, an increase of 12.83%. Lihua Yiweiyuan's two sets of bisphenol A plants will take turns for routine maintenance from April 7th, each set is expected to be maintained within 5-7 days; in addition, Sinopec Mitsubishi's bisphenol A plants will be shut down from April 10th to May 12th. The cost of downstream resins continues to rise, and the bisphenol A market is expected to continue to operate at a high level, and more holders are actively shipping.
Ethylene oxide: On the 19th, ethylene oxide was quoted at RMB 8,400/ton, an increase of RMB 7,500/ton from the beginning of the year, an increase of RMB 900/ton, or 12%.

PC market: The current comprehensive price is 28,100 CNY/ton, an increase of 2,800 CNY/ton compared to the same period last month, an increase of 10.45%.
ABS: The comprehensive price of Ningbo LG Yongxing HI-121H in South China is 18,125 CNY/ton, which is an increase of 837 CNY/ton or 4.84% compared to last month. The Shanghai Gaoqiao installation is under maintenance, and the supply is reduced, and the market supply is tight. It is difficult for prices to fall sharply.
PVC: The comprehensive price of calcium carbide in South China is 8868 CNY/ton, an increase of 153 CNY/ton or 1.75% from the previous month. The inventory of PVC manufacturers has dropped to a low level, and the current pre-sale orders are good, and the market is circulated. The supply of goods is tight, and the downstream terminal starts the peak season, maintaining low replenishment.
Whether it’s the recent high-level shocks of petroleum, or the price increase of raw materials such as propylene, bisphenol A, isobutyraldehyde, and epoxy resins, it has given rise to products such as coatings, chemicals, plastics, and even downstream commodities such as automobiles, real estate, and electrical appliances. The price increase provides "soil". Superimposed on the countdown of subsidies in the downstream wind power field, the unusually hot new energy vehicle and battery market, the continuous increase in export trade orders, and the hot construction and infrastructure fields will also continue to "detonate" the price of the chemical industry to "take off".