Soaring 450%! Chemical giants such as BASF, Wanhua, China National Nuclear Titanium Dioxide, Longbai, etc. have deployed in this market one after another!

Recently, the State Council issued the "Carbon Peaking Action Plan by 2030". The "Plan" puts forward the main targets for the proportion of non-fossil energy consumption, the improvement of energy utilization efficiency, and the reduction of carbon dioxide emission intensity. By 2030, the proportion of new energy and clean energy-powered vehicles will reach about 40% that year, carbon dioxide emissions per unit of GDP will drop by more than 65% from 2005, and the proportion of non-fossil energy consumption will reach about 25%. By 2060 , The proportion of non-fossil energy consumption reached more than 80%, and the goal of carbon neutrality was successfully achieved.

Industry insiders said that the country vigorously advocates carbon neutrality and carbon peaking, which presents both opportunities and challenges to the chemical industry. Judging from the current situation, whether it is energy storage, photovoltaics, wind power or new energy vehicles, the raw materials in the chemical industry chain have brought great stimulus. Some raw materials have risen 450% since the beginning of the year. It's hard to stop.

The new energy sector is extremely hot, and the prices of related chemicals have risen 450%

At present, China's new energy vehicle penetration rate has reached 17.8%, and it is expected to achieve the mid- and long-term planning target of 20% market share ahead of schedule, which means that the industry has entered the fast lane. Chemicals such as lithium hexafluorophosphate, lithium Carbonate, lithium hydroxide, lithium iron phosphate, and yellow phosphorus in the industry chain have all been boosted, and the market has continued to rise, and prices have repeatedly hit new highs.

R142b: The supply of R142b, the upstream raw material of PVDF, is very tight and there is a serious mismatch between supply and demand, and product prices have risen sharply. The current price is 110,000 CNY/ton, up 450% from the beginning of the year.

Lithium hexafluorophosphate: The current price is 520,000 CNY/ton, a record high in the past five years, an increase of 386% from the beginning of the year. The current supply of lithium hexafluorophosphate in the market is in short supply, and many companies are out of stock. Some companies have stopped quoting externally. Other companies choose to sell by gram, and the quotation is more than 800 yuan per catty, corresponding to 1.6 million yuan per ton.

Lithium carbonate: From about 40,000 CNY/ton in January this year to the current 180,000 CNY/ton, the price has risen by about 350%. Both battery-pole lithium carbonate and industrial-grade lithium carbonate are out of stock and need to be scheduled. In fact, the actual transaction price of battery-grade lithium carbonate in mid-October was more than 190,000 yuan, and one price per day.

Phosphoric acid: The price of phosphoric acid has also risen from around 7,000 CNY/ton in July to around 18,000 CNY/ton in early October. The price has risen linearly, up 280% from the beginning of the year.

Lithium hydroxide: The current quotation has exceeded 180,000 CNY/ton, an increase of 267% from the beginning of the year. The domestic market transaction price of battery-grade coarse-grained lithium hydroxide is between 189,000 and 192,000 CNY/ton, and the price of fine-powder-grade lithium hydroxide is 19.7- Between 200,000 CNY/ton, both hit a new high during the year. The dual impact of unabated downstream demand and high lithium carbonate prices supported the lithium hydroxide market.

PVDF: The current price of lithium battery-grade PVDF is 400,000 CNY/ton, an increase of 263% from the price of 110,000 CNY/ton at the beginning of the year. The price of coating-grade PVDF has also reached 340,000 to 350,000 CNY/ton. Small companies are getting close to 500,000 CNY/ton, and some manufacturers have stopped quoting. The price of domestic PVDF has also risen all the way, and the current quotation has exceeded 300,000/ton.

Yellow phosphorus: Due to power curtailment in Yunnan and other regions, the price of yellow phosphorus rose from about 20,000 CNY/ton in July this year to 56,000 CNY/ton in early October, an increase of 239% from the beginning of the year.

Lithium iron phosphate: At present, the average price of lithium iron phosphate for domestic power oil lamps is 86,000 CNY/ton, an increase of 126% from the beginning of the year. The upstream price is running at a high level. The lithium iron phosphate market maintained a steady, medium-to-strong trend. The market demand for lithium iron phosphate is not diminishing; the price is expected to fluctuate slightly.

Photovoltaic boom is extremely high, and demand drives some chemicals to rise 225%

Global carbon emission reduction is the general trend. Countries have successively introduced carbon emission reduction plans. At present, 11 countries have legislated (or proposed to legislate) the time target of "carbon neutrality", and 13 countries have announced the target time of "carbon neutrality". Renewable energy With the acceleration of substitution, renewable energy, led by photovoltaics, will be promising and have long-term growth space. Domestic policies such as carbon neutrality and carbon peaking, and the highest guidelines of the dual-carbon goals have driven the photovoltaic industry to a very high degree of prosperity. There is no doubt about the certainty of growth. This is important for chemicals such as EVA resin, silicone, silicon, and soda ash. Pound is good.

Silicon material: At present, silicon material products are in short supply, and the company's production and sales are fully open 24 hours a day. It is expected to be the best year ever. It will rise from less than 80,000 yuan per ton to about 260,000 yuan, and the price will increase by 225%.

Silicone: The current domestic market price is soaring. The price of silicone is 63,000-64,000 CNY/ton, an increase of about 200% from the beginning of the year. At present, silicone has fully entered the era of 60,000 yuan, and the price has hit a 10-year high. At the same time, overseas giants are constantly adjusting their prices. Dow Silicones products will rise 35%-95% from November 1. From November 1st, WACKER Chemie raised the price of its polymer emulsions, redispersible latex powders and solid resins by up to 20%.

Polysilicon: The price was 151,666 CNY/ton, an increase of 139% from the beginning of the year. The current domestic mainstream transaction price of polycrystalline silicon, which is the first-class solar material, is 125,000-145,000 CNY/ton, and the mainstream range of monocrystalline silicon materials is 210,000-220,000 CNY/ton.

Soda ash: The price of light soda ash is 3575 CNY/ton, an increase of 128% from the beginning of the year at 1566 CNY/ton. Affected by the peak overhaul, the inventory of soda ash plants has continued to drop to historical lows. The continued growth in demand for float glass and photovoltaic glass is the fundamental reason for the increase in soda ash prices this year. Superimposing this year's energy consumption double control, the production of soda ash, which is 17% of the national production capacity in Jiangsu, is limited, resulting in a shortage of products.

EVA resin: The current domestic foam material price is about 21,000 CNY/ton, the cable material price is about 2,200-23,000 CNY/ton, and the photovoltaic material is about 21,000 CNY/ton or more. The price of EVA resin has increased by more than 100% compared with the beginning of the year, which has reached history. The highest level.

The wind power industry's "snap-up tide" continues, and resin products are snapped up

In order to ensure energy supply, the National Energy Administration stipulates that the power generation of wind and new energy accounts for 11% of the entire society. At present, China is accelerating the construction of large-scale wind and photovoltaic power generation bases. The "Plan" proposes that by 2030, the total installed capacity of wind and solar power The capacity reaches more than 1.2 billion kilowatts. After December 31, 2021, the national subsidies for offshore wind power will be completely withdrawn. Offshore wind power projects need to be connected to the grid before the end of 2021 to lock in electricity price subsidies. "Subsidy" trains. This also pushes up the price of resin and upstream raw materials.
Liquid Epoxy Resin: The current price is 33,500-34,000 CNY/ton, and the price is up 33% from the beginning of the year. Cost support is strong, the price of new orders has been adjusted upwards in line with rising raw materials, and the downstream wind power industry has increased rush installation orders, some companies have closed orders, and resin factories have mostly delivered orders.

Bisphenol A: The current price is 20,500 CNY/ton, up 55% from the beginning of the year. Stimulated by the "rush to install tide" of the terminal wind power industry, the demand for bisphenol A for epoxy resin has increased significantly.

BASF, Wanhua, China Nuclear Titanium Dioxide, Longbai "snatch" this market

While photovoltaic, wind power, new energy and other carbon-neutral subdivisions continue to be popular, many chemical products have been spurred. The wanton fishing for Gold in this red sea has also made many chemical companies start to look greedy and have crossed the border into the game. , Intending to share a piece of the pie.

BASF and Fengchao Energy have reached cooperation in the areas of cathode material development, raw material supply, battery recycling, etc. within the scope of their global operations; they have jointly established a joint venture "BASF Shanshan Battery Material Co., Ltd." with Shanshan.

Wanhua Chemical plans to invest 73.65 million yuan to conduct small-scale and pilot-scale development of battery materials in the existing plant of Yantai Zhuoneng Lithium Battery Co., Ltd.

China Nuclear Titanium Dioxide intends to invest in the construction of a lithium iron phosphate project with an annual output of 500,000 tons.

Longbai Group invested in the construction of an annual output of 200,000 tons of battery material grade iron phosphate project, an annual output of 200,000 tons of lithium ion battery material industrialization project and an annual output of 100,000 tons of artificial graphite anode material for lithium ion batteries.
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According to industry insiders, carbon neutrality and carbon peaking are both a continuous hot spot in the world, and there will be ten times the room for growth in the next five years, which is a real big "cake". Although many companies have expanded production or cross-border entry, regardless of lithium family products, or EVA, PVDF and other products, their technical barriers are relatively high. Ideally, the photovoltaic EVA production cycle is 3.5-4 years, of which The construction period is 2 years, and the commissioning period is 1.5-2 years. In other words, the near-term thirst cannot be overcome in the short term, and the high prices driven by tight supply will continue.