Share price "ride the rocket"! The rising trend of this material in the lithium electricity industry is "too crazy".

The demand is so hot that we can't get the goods at all! Electrolyte, VC, lithium hexafluorophosphate and other prices are skyrocketing, involving a large number of shares in the field of electrolyte, all like sitting on a rocket.

Tianci shares have been fluctuating and rising since May, rising more than 100% in the past three months. If calculated from the end of the first quarter of last year, Divine material has increased more than 10 times; it is a veritable lithium super "Daniel".

The closing limit of divine material is related to its performance forecast. On August 23, Tianci disclosed a forecast of its results for the first three quarters of 2021. It is expected that from January to September 2021, its net profit attributable to shareholders of listed companies will reach 1.4 billion yuan to 1.6 billion yuan, an increase of 170.08% over the same period last year. 208.66%. Among them, it is estimated that from July to September 2021, the net profit attributable to shareholders of listed companies will reach 617 million yuan to 817 million yuan, an increase of 198.65% muri 295.40% over the same period last year.

As for the main reason for the pre-increase in performance, Tianci material said that the market demand for lithium-ion battery material electrolyte products is strong, sales and prices have increased significantly, at the same time, the self-yield of raw materials and gross profit margin have increased.

In fact, it is not only divine materials, but among the electrolyte manufacturers involved, the share price of solvent leader Shi Dasheng has soared 400%, while Yongtai Technology, which is mainly engaged in pharmaceuticals and pesticides, has risen 300% just because it is involved in lithium hexafluorophosphate business. From the disclosure of the semi-annual report, the performance of Shi Da Shenghua has soared nearly 15 times.

The price is running wild all the way.

At present, under the background of the global automobile electrification tide, the lithium power battery reflects the high-speed and stable strong demand, which drives the electrolyte industry to the trend that the production capacity is too tight and the supply exceeds the demand. it also leads to the continuous upward price of electrolyte products.

It is understood that the price of electrolyte has continued to rise since the beginning of this year, and the prices of some subdivided products have increased by two or three times. In particular, the price of electrolyte VC solvent runs like a runaway Mustang. In the first half of the year, the mainstream price of the domestic VC solvent market has exceeded 300000 yuan / ton. In July, the quotations of VC solvent enterprises for major customers have risen to 350000 yuan / ton, up more than 130% from last year's average price of 150000 yuan / ton.

The price of lithium hexafluorophosphate, which is jokingly known as the "sixth Master" in the industry, has also risen from 100000 yuan / ton at the beginning of the year to 420000 yuan / ton in late August, and some small orders have even reached 450000 yuan / ton, with a price increase of more than 350%.

Industry analysts believe that due to the downward profitability of the whole industry chain of electrolyte from 2017 to 2019, the expansion of upstream raw materials slowed down, and the current outbreak of demand led to a significant gap in the supply of upstream raw materials such as lithium hexafluorophosphate, VC and FEC, which significantly pushed up product prices and industry prosperity. It is expected that in the next two years, lithium hexafluorophosphate and electrolyte are still expected to show a pattern of simultaneous increase in quantity and price.

The high scene demeanor continues.

According to industry statistics, the total global demand for lithium batteries will reach 394GWH in 2021 and 1374GWh in 2025. Citic Securities Research pointed out that it is predicted that the global demand for electrolytes, lithium salts, solvents and additives will be 1.462 million tons, 176000 tons, 1.214 million tons and 73100 tons respectively in 2025, which is 5.05.2 times that of 2020, and the global market size will exceed 50 billion yuan in 2025.

In the face of huge demand, electrolyte manufacturers have "swung their arms to work hard" to expand production capacity. On August 23rd, while announcing the great increase in performance, Tianci issued investment and construction plans for a number of projects at the same time, with a total investment of more than 5.5 billion yuan. It includes the project with an annual output of 350000 tons of lithium electricity and fluorine-containing new materials (phase I), an annual output of 60, 000 tons of daily chemical basic materials (phase I), an annual output of 200000 tons of lithium materials, an annual output of 95000 tons of lithium basic materials and 100000 tons of dichloropropanol.

Prior to this on August 20, Xifeng County of Guiyang City held a signing ceremony with Hunan Hangsheng, with an annual output of 20,000 tons of power battery electrolyte and supporting industry project officially settled in Xifeng. On the same day, Skyline shares announced that its wholly-owned subsidiary Xintai Materials signed a letter of intent with Jiangsu Changshu New Materials Industrial Park and Ruitai New Materials, which will invest in the production and sales of lithium salt materials with an annual output of 30, 000 tons of lithium hexafluorophosphate and calcium chloride, with an estimated total investment of 3 billion yuan.

Earlier, on July 16, DFD announced that it would invest 5.15 billion yuan in the construction of 100000 tons of lithium hexafluorophosphate and 40, 000 tons of lithium difluorosulfonimide (LiFSI) and 10, 000 tons of lithium difluorophosphate, which is expected to be completed by the end of 2025. On July 5, Tianci announced an investment of 1.049 billion yuan to build projects with an annual output of 150000 tons of liquid lithium hexafluorophosphate. On June 23, Tianji announced that it planned to invest 600 million yuan to build a project with an annual production capacity of 10,000 tons of lithium hexafluorophosphate. On June 15, Yongtai Technology announced that it planned to build projects with an annual production capacity of 20, 000 tons of lithium hexafluorophosphate at a cost of 794 million yuan.

In addition, the 440000 t / a new energy material project of Shida Shenghua is expected to enter the trial production phase after completing the installation and commissioning of the equipment in November 2021.

Citic Securities Research News believes that the electrolyte is the four key materials of lithium batteries, with both the cyclical properties of the upstream chemical industry and the long-term cost reduction requirements of the downstream manufacturing industry. With the outbreak of short-term demand and the mismatch between supply and demand, the industry is expected to continue in the coming year, and suppliers in all aspects are expected to fully benefit. In the long run, the integrated leading companies that are optimistic about the appropriate extension of the industrial chain, sustained high-intensity R & D investment, take the lead in expanding production and deeply binding downstream customers will continue to grow through the cycle.