Another large number of chemical raw materials have skyrocketed!

Following the widespread popularity of lithium battery concept stocks and close to the daily limit of 30 stocks, the lithium battery sector strengthened again on the 8th. Fulin Precision, Xinwangda, Xiangfenghua, Keheng, Shanshan, Shida Shenghua and other shares The daily limit, more than 10 stocks rose more than 10%.

Lithium battery sector is positive, a variety of chemicals sprint high value

Since the first half of 2021, the rapid growth of demand across the entire industry chain has become more and more certain, and the prices of chemical products such as lithium salt, lithium iron phosphate, and electrolyte (including lithium hexafluorophosphate, VC solvent, etc.) have continued to rise.

Lithium hexafluorophosphate rose by 200% year-on-year, setting a new high for the year

As an important upstream raw material for lithium battery electrolyte, lithium hexafluorophosphate has continued to rise in price since the second half of 2020. The current domestic average price of lithium hexafluorophosphate is 330,000 CNY/ton, an increase of more than 200% from the beginning of the year, and the price is close to four times the average price in the third quarter of last year. In July, the domestic lithium hexafluorophosphate market rose by 1-25,000 CNY/ton, and the quotation was as high as 340-370,000 CNY/ton. Some companies even set a new high value of 380,000 CNY/ton during the year. At present, the inventory of lithium hexafluorophosphate industry has dropped to the lowest level in recent years, and some production companies have continued to reach full capacity. Most of the companies’ orders in June have been saturated, and the industry’s operating rate has exceeded 80%.

Lithium carbonate: up by 136% year-on-year, there is still room for increase in both volume and price

At present, the mainstream price of battery-grade lithium carbonate is between 88,000 and 92,000 CNY/ton, and the focus of negotiation is between 86,000 and 90,000 CNY/ton. Compared with the beginning of the year, the price has increased by 65.57% and a year-on-year increase of 112.2%; industrial-grade lithium carbonate and quasi-electric carbon The mainstream quotation is between 82,000 and 85,000 CNY/ton, and the focus of negotiation is between 8 and 83,500 CNY/ton. Compared with the beginning of the year, the price has risen by 73.20% and a year-on-year increase of 136.76%. In the first half of 2021, the domestic basic lithium salt price showed an upward trend, with a significant increase in the same month-on-month period, and both the volume and price rose brilliantly. It is expected that there will still be room for increase in the second half of the year.

Lithium hydroxide: rose 91% during the year, and the price has risen continuously in the past 28 weeks

At present, the average price of lithium hydroxide is reported at 94,000 CNY/ton, an increase of 91.83% from the beginning of the year and a year-on-year increase of 64%. The price of lithium hydroxide has risen continuously in the past 28 weeks. The mainstream quotation of industrial grade lithium hydroxide is 87,000-89 thousand CNY/ton, and the focus of negotiation is 8.7-88 thousand CNY/ton; the mainstream quotation of battery-grade lithium hydroxide (coarse particles) is 92,000-94 thousand CNY/ton, and the focus of negotiation is 9.15-9.35 million CNY/ton. Spot resources of leading companies are hard to find, and market inventories are at a low level. It is expected that the price of lithium hydroxide will continue to rise.

PVDF: Prices rose by 82%, and many major manufacturers directly acquired resources to grab resources

The price of high value-added fluorine material PVDF (polyvinylidene fluoride resin) has continued to rise, and PVDF for lithium batteries has risen from 110,000 CNY/ton to 150,000-200,000 CNY/ton, an increase of 82%. Due to the massive demand for lithium batteries, lithium battery companies including CATL and other companies have come to these companies to buy PVDF resin in their factories. Some manufacturers in the lithium battery industry directly purchase PVDF factories in an attempt to grab resources.

VC solvent: the price will rise by 80%, and the list will be placed in the first half of 2022

The VC solvent (vinylene carbonate) that directly chokes the throat of electrolyte production is currently quoted at 270,000 CNY/ton, an increase of 68%-80% from the average price of last year, and there was even a supply fault at one time. Some electrolyte additive manufacturers' VC (vinylene carbonate) orders have been scheduled to the first half of 2022.

Lithium iron phosphate: up 41%, a number of leading titanium dioxide players cross-border share

At present, the leading lithium iron phosphate enterprises are all running around. The current mainstream price of power-type lithium iron phosphate is between 48,000 and 52,000 CNY/ton, an increase of 15,000 CNY/ton from the beginning of the year. An increase of 41%; since the beginning of the year, leading lithium iron phosphate companies have begun large-scale production expansion, but they still cannot make up for the rapid increase in demand, and inventories continue to be in short supply. More and more chemical companies have entered the lithium iron phosphate market. The leading energy titanium dioxides of China Nuclear Titanium Dioxide, Huayuan Co., Ltd., Anada, and Lomon Baili have gradually expanded to increase the lithium iron phosphate industry chain. "It can't hydrolyze near thirst", and the relative shortage of lithium iron phosphate cannot be relieved in the short term.

Dimethyl carbonate: up 24%, there is still room for growth

At present, the quotation of dimethyl carbonate is between 6,800 CNY/ton and 7,000 CNY/ton, and it has risen by 24% in June, and some companies’ quotations have exceeded 7,000 CNY/ton. The demand for dimethyl carbonate for new energy batteries continues to grow, and the increase in prices has not affected the strong demand. It is expected that there will be an increase of about 500 CNY/ton in the near future.

Propylene oxide: The factory has no inventory, and it rises by 1,000 CNY/ton in half a month

Propylene oxide is quoted at 14,961 CNY/ton, up nearly 1,000 CNY/ton in half a month, which has significantly boosted the market mentality, and there is still a possibility of subsequent increases. The two sets of Shandong Jinling propylene oxide total 160,000 tons/year, and the latest ex-factory price is 14,900 CNY/ton. At present, there is no inventory in the propylene oxide plant, and the subsequent Daguhua will be shut down, and the market still has certain hedging conditions.

In the next few years, the new energy vehicle industry will be one of the fastest growing industries in the emerging industries. New energy vehicles and lithium batteries will usher in a "golden age" in my country's national strategy to achieve the "dual carbon" goal. This will have an impact on the chemical products in the industrial chain and the derivative industrial chain. In the case of downstream rush purchases, leading companies have full orders, and the next step for full production and full sales must be price increases. This also means that in the case of a surge in downstream demand, from the lithium family, solvents, electrolytes, to the upstream propylene oxide and ethylene oxide, to ethylene, propylene and other basic chemical raw materials will usher in "goods". The trend of tight prices.

It is further inferred that the rising trend of dimethyl carbonate, ethylene, propylene and other products will also bring up prices for downstream coating products, and under the shortage of supply, it is even more difficult for coating companies to obtain raw materials. With the application of new energy vehicles, the application and demand for enterprise original paint, refinish paint and other products are also pushing up. It is a test for the quality and cost-effectiveness of coating products. It will definitely add to the future coating track. A fire.