There is little change in the battery market this week, with various materials operating at a high level; the price increase of power batteries is loud, but there are not many price increases that can finally land; the high price of materials reflects the mismatch of supply and demand, and underestimates new energy vehicles. The demand for mineral resources and material plants cannot keep up with the expansion of production, and there are reluctance to sell and stock up in the superimposed chain, which amplifies the contradiction between supply and demand and pushes up the general price increase in all links. From January to October, my country’s new energy vehicle sales totaled 2.542 million, a year-on-year increase of 176.6%; the new energy vehicle market penetration rate was 14.3%; the new energy penetration rate for the whole year is expected to reach 15%, and next year is expected to be 20%.
Lithium iron phosphate (LFP):
At this stage, the raw material phosphoric acid market is temporarily stable, and the price of iron orthophosphate has dropped slightly, and the transaction center is generally at 21-15-22500 yuan/ton; the price of lithium carbonate has begun to rise slightly recently, and the subsequent supply of raw materials has been tight, and the manufacturing cost of lithium iron phosphate continue to rise, and it is expected that the lithium iron phosphate market will continue to operate strongly in the short term; in terms of energy storage, due to high raw material prices and high overseas demand sentiment, product prices will continue to rise. In terms of price, the current mainstream power-type lithium iron phosphate is quoted at 84000-90000 yuan/ton.
Ternary Material:
The ternary materials market was operating smoothly this week. From a market perspective, the downstream demand is dominated by long-term cooperation orders from leading companies. Small and medium-sized enterprises are not very enthusiastic about stocking and purchase according to rigid needs; the market trading prices of lithium carbonate and lithium hydroxide on the raw material end have begun to rise, and mainstream companies have taken the lead in quoting some products. In terms of price, the current price of nickel 55 type ternary material is between 219,000-223000/ton; the price of NCM523 digital type ternary material is between 232,000-236000/ton, an increase of 2000 yuan/ton from the same period last week; NCM811 Type ternary materials are quoted at 269000-274000/ton.
Ternary Precursor:
This week, the three-yuan precursor market is temporarily stable. It is understood that the current Korean leading ternary material companies have increased their purchase orders for precursors, and they are mainly high-nickel products, and subsequent exports are expected to increase month-on-month; the cobalt price has fluctuated and stabilized this week, and it is expected that there is still room for upside in the market outlook. In the short term, the market price center is expected to be between 420,000 to 440,000 yuan/ton; in terms of nickel prices, the news of the proposed overseas policy has disturbed the market sentiment, and it is expected to fluctuate strongly in the short term. In terms of prices, this week’s conventional 523-type ternary precursors were quoted at between 1.3-134,000/ton; cobalt sulfate was quoted at between 91,000 and 97,000/ton; nickel sulfate was quoted at between 36,000 and 37,000/ton; The quotation of manganese sulfate is between 9500-10000/ton.
Lithium carbonate:
Recently, the price of lithium carbonate has begun to rise gradually. In November, the downstream has gradually got rid of the impact of power curtailment, and the production of cathode material companies has returned to normal. The new production capacity of the lithium iron phosphate industry has begun to be released intensively, and the demand has further increased. In terms of market supply, the supply of lithium carbonate in Qinghai has decreased slightly. The supply is tightening, and the purchase price of lithium carbonate from some major cathode material manufacturers has basically reached about 200,000, and the price may continue to rise.
Recently, the supply of negative electrode materials in the market has continued to be tight, and product prices have continued to reach new highs. In particular, small and medium-sized battery cell manufacturers have had a first-hand experience of price increases, and some manufacturers have received new quotations with an increase of more than 20%. Entering this month, large manufacturers have begun to accept price increases and will land next month. Small and medium manufacturers are already hard to find, and traders' prices have increased by more than 30%. In the downstream market, the new energy vehicle market continues to be hot, and it is expected that the output of the new energy vehicle market in November and December will continue to reach new highs. At present, the biggest risk in the supply of anode materials is the decline in supply before and after the Winter Olympics. Most of the current battery cell manufacturers have limited inventory, and some small and medium-sized battery cell manufacturers are at risk of reducing production.
Electrolyte:
The electrolyte market was operating smoothly this week, with little change from last week. The price of hexafluorofluoride was basically the same as last week. Due to the shortage of some solvents, the new hexafluorocarbon production capacity has not been effectively released, and the market supply is still tight. In terms of additive VC, the market generally reports that the supply has been much looser than before, and the market outlook is optimistic about the supply. In terms of solvents, some battery-grade DMC manufacturers stopped production again, leading to a rebound in DMC prices this week. The price of battery-grade DMC is between 1.25-1.5; EMC and EC are insufficient in capacity and supply is tight, and prices remain stable. In the short term, there are still shortcomings in the supply of hexafluoride and solvents, and the electrolyte boom market remains unchanged.
The diaphragm market was operating smoothly this week. The production capacity of mainstream wet process manufacturers was still relatively short, and the capacity utilization rate of dry process manufacturers continued to increase.
In terms of price, the price of wet-process base film is currently stable, and the bargaining between first-line manufacturers and downstream customers has not made the latest progress, but the supply price of wet-process base film is still expected to rise, and it will be further implemented. In terms of coating diaphragm, the price of ceramic coating is currently stable. The price of PVDF coating is affected by the tight supply of PVDF and the high price. The overall price of PVDF coating has a trend of upward movement. At present, mainstream manufacturers are replacing domestic PVDF and PVDF related products.
Enterprise dynamics: Zhongke Hualian plans to make full use of its equipment and R&D advantages, adopt the world's most advanced large-width, ultra-high-strength diaphragm equipment, and build 52 large-width ultra-high-strength diaphragm production lines, with an estimated annual production capacity of about 7.5 billion square meters. .
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