The battery market did not change much this week. Tesla decreased prices to seize the market. With BYD's steady and high growth, domestic enterprises must also follow up with the acceleration of the industry's competition. The demand for power batteries continued to climb and the industry reshuffle accelerated as a result of next year's subsidy recession; The EU has reached an agreement to ban the production of new fuel vehicles from 2035. The policy is relatively radical, which means that the plug-in hybrid of fuel will not work. Pure EV or carbon free hydrogen fuel will be available; The demand for power battery given by Europe in the timetable can be expected, and the domestic power battery and supply chain going to the European mainland is a definite incremental market; Driven by the European energy crisis, the energy storage market also maintained a rapid growth. Currently, the gross profit margin is higher than that of power batteries under the transmission of prices.
LFP：
Recently, the price of raw material phosphoric acid has dropped to around 10000 yuan, driven by the weakening price of yellow phosphorus. The price of industrial monoammonium is mainly stable, and the production profit of iron phosphate enterprises has rebounded. The supply and demand pattern of iron phosphate itself is fair, and it is expected that the price of iron phosphate will be difficult to fall sharply during the year, mainly maintaining weak stability. However, the entry strategy of cross-border new enterprises such as phosphorus chemical industry and titanium dioxide is mostly to make iron phosphate first, and then consider supporting lithium iron phosphate after the product is stable. In addition, most of their new iron phosphate projects are at the level of 100000 tons, so the iron phosphate market is not optimistic next year. In terms of lithium iron phosphate, the price of lithium carbonate in bulk has reached 585,000 yuan/ton, and the production cost of lithium iron has risen significantly, driving the price of lithium iron up. As of this Friday, the mainstream quotation of power type was RMB 17100-17500/ton, and the mainstream quotation of energy storage type was RMB 16600-17100/ton. At present, the supply of lithium carbonate is highly strained, and the purchase of lithium iron plants is difficult, which affects the normal production rhythm. In addition, the downstream core plants resist the high price of lithium iron and the purchase of high price lithium carbonate, which consumes huge funds of lithium iron enterprises, and the output of some lithium iron enterprises declines.
Ternary materials:
The price of ternary materials continued to rise, driven by the cost of lithium salt. From the perspective of downstream demand, in October, the enthusiasm of downstream mainstream enterprises to obtain goods remained at a high level, focusing on the demand of CATL , Frasis, and continued to boost the shipment of medium nickel single crystals and high nickel materials. Most enterprises had high orders in hand, and the actual delivery was limited due to lithium salt supply. In addition, due to the lag of M-1 settlement mode, the immediate profit space of some enterprises has been compressed due to the continuous rise of lithium salt market.
Ternary precursor:
The raw materials continue to fluctuate, and the ternary precursor quotation is stable temporarily. In terms of nickel, the shipment expectation of medium and high nickel ternary materials has continued to drive the demand for nickel sulfate, and the demand for nickel in the superimposition stainless steel field has improved, and the nickel price has stabilized. However, the recent expectation of the Federal Reserve's interest rate increase may interfere with the non-ferrous sector; In terms of cobalt, the price of electric cobalt continued to fall, driven by the peripheral market, and the market of cobalt sulfate became stable as a whole. The precursor enterprises benefited from the improvement of downstream mainstream ternary shipments, which is expected to increase by about 10% month on month in October.
Lithium Carbonate:
This week, the domestic lithium carbonate price continued to show an upward trend, breaking its historical high one after another; As of this Friday, the mainstream quotation of industrial lithium carbonate on the market was 540-550 thousand yuan/ton, up 25000 yuan/ton from last week, the price of battery grade lithium carbonate was 57200-58200 yuan/ton, up 27000 yuan/ton from last week, and the price of lithium hydroxide (coarse particles) was 54800-55800 yuan/ton, up 18000 yuan/ton from last week. From the supply side, except for some manufacturers in Jiangsu who stopped production for maintenance, most of the mine end manufacturers started work normally, and lithium carbonate shipments were relatively stable. With the arrival of winter, Qinghai will be affected by low temperature weather, and the supply of lithium carbonate will be reduced. In the near future, Qinghai will again be affected by epidemic control, and logistics and transportation will be blocked, which will slow down the shipment of lithium carbonate. From the perspective of demand, with the arrival of the traditional sales peak season, the purchasing sentiment of downstream enterprises has not decreased, the year-end stock mentality continues, and the demand for lithium salt remains strong. In the short term, the contradiction between supply and demand of lithium carbonate is hard to change, and most lithium carbonate manufacturers are reluctant to sell. It is expected that the price of lithium carbonate will continue to rise.
The market was running smoothly this week as a whole. On the whole, the high price of lithium carbonate made battery manufacturers relatively cautious, and the epidemic situation in some areas was obviously disturbed. The demand of the consumer market has driven the low-end digital market to recover slightly near the end of the year, , and the demand of leading manufacturers in the subdivided fields is relatively strong. The demand in the power market is stable, and the inventory reduction of mainstream power manufacturers is coming to an end. The demand in BYD and energy storage markets is still strong. The demand for dry process membranes is driven by terminal demand, and the capacity utilization rate in the dry process membrane market is at a high level.
In terms of capacity investment and construction: the capacity of Semcorp Chongqing Base has been released rapidly, and it is expected that the new output will exceed 10 million square meters in November. Sinoma's second phase new lines in Inner Mongolia have been completed successively, and the new capacity is expected to exceed 100 million square meters. Enterprise dynamics: The first production line, Workshop 2, No. 3 production line of the Inner Mongolia Lithium Film Phase II Project of Sinoma Lithium Film successfully completed. The annual production capacity of No. 3 production line of the second workshop is 80 million square meters. At present, the film surface produced has good flatness and consistency, which indicates that the production line can be put into production only after a short process commissioning. At the same time, the No. 4 production line of the second workshop, which was built in the same period, is undergoing equipment commissioning and will soon be put into production.
Anode：
The anode material market was operating stably this week, and the overall production and sales in October rose slightly compared with the previous month. In terms of raw material market, the price of needle coke is stable. Although the cost of needle coke is high at present, there is a great resistance to the price rise. It is expected to maintain consolidation operation in the short term; The price of low sulfur coke has a divergent trend. High quality low sulfur coke has maintained a strong operation. The price of ordinary quality low sulfur coke has been reduced due to the epidemic in Northeast China. In terms of graphitization, the market OEM price has dropped continuously in recent days, and the newly increased graphitization capacity in the early stage is currently in the centralized release stage. Due to the great price elasticity of new plants and some small and medium-sized plants, the furnace loading capacity of some old plants has declined significantly, and the confidence in price support has been seriously frustrated. In addition, the anode plants have a firm attitude towards price reduction, which has led to the decline of graphitization price this month of about 2000-3000 yuan/ton. In the downstream market, the development momentum of power and energy storage markets is still strong, but the surge in power battery costs caused by high lithium prices can only be transmitted to other materials. In addition, after a round of capacity expansion of anode materials, the supply and demand structure will be reversed, and the supply will be more relaxed in the future. Now, anode material enterprises face strong demand for price reduction in the downstream. In order to ensure the shipment, it is expected that the anode price will be adjusted in a new round.
The electrolyte market was stable this week. The electrolyte manufacturers actively explored the market in order to obtain more orders. The shipments of each company were basically stable, and the price did not fluctuate significantly. In terms of raw materials, the current lithium hexafluorophosphate market has sufficient capacity, and some manufacturers are continuing to release new capacity. With the support of costs, the price of fluorine will remain stable this Saturday. It is expected that the lithium hexafluorophosphate market will have a surplus supply situation next year, and the insiders (supply side, demand side, capital market side) are basically pessimistic about the price of lithium hexafluorophosphate next year.
In terms of solvent, there was no significant change in the solvent market this week, with sufficient capacity supply and fierce market competition; In terms of price, the price of electronic DMC is slightly adjusted downward. At present, the market price is 7000-7200 yuan/ton, and the price of other solvents is basically stable without significant fluctuations. In terms of additives, due to the sufficient capacity of FEC and VC markets, the load of some manufacturers has decreased slightly, and the price is stable without fluctuation. Due to the low price of additives, the profit margin of additive manufacturers is small, and enterprises with cost advantages are more competitive.
In the short term, the supply and demand of electrolyte market continue to boom, but the electrolyte market has sufficient capacity, and the cost advantage is particularly important for electrolyte enterprises; As sodium battery quickly steps onto the new energy stage, sodium ion electrolyte is active in people's vision, and manufacturers accelerate the layout of technology and clients.
CONTACT US
ICC APP
