SMM on January 20th: on the evening of January 19th, Polyfluoroduo disclosed its pre-increase announcement of its performance in 2021. According to the announcement, the net profit of polyfluoroduo gas in 2021 is expected to reach 12.3-1.33 billion yuan, which is expected to soar by 2429.7% to 2635.37% over the same period last year.
As for the reason for the substantial increase in the company's performance, Duofuoduo explained that during the reporting period, the market demand for the company's new material products based on lithium hexafluorophosphate was strong, and the new production capacity of the company's related products was gradually released. capacity utilization has reached a high level, profitability has been greatly improved.
Looking back on the past 2021, even the price increase of battery-grade lithium carbonate was slightly lower than that of lithium hexafluorophosphate. It is reported that, benefiting from the surge in downstream power battery demand, the market price of lithium hexafluorophosphate has skyrocketed, from a minimum of less than 70,000 yuan / ton in July 2020 to more than 400000 yuan / ton in July 2021, an increase of more than 500% in one year.
In order to better serve customers, SMM also launched the spot quotation of lithium hexafluorophosphate in 2021. As of January 19, according to the spot quotation of SMM, the average spot price of lithium hexafluorophosphate is 550000 yuan / ton.
"Click to view the historical price of SMM Metals.
It is understood that from the demand side, industry statistics show that the global demand for lithium hexafluorophosphate is 72600 tons in 2021, and it is estimated that the demand for lithium hexafluorophosphate will reach 365600 tons by 2025. From the supply side, the global effective production capacity of lithium hexafluorophosphate in 2021 is about 68600 tons. Therefore, it is generally expected in the industry that the contradiction between supply and demand of lithium hexafluorophosphate may continue for a long time.
Under the temptation of high-level operation of lithium hexafluorophosphate, many enterprises have also expanded their production capacity. Recently, many enterprises, including Yan'an Bikang, Yongtai Technology, Stone Dachenghua, Tianci Materials and so on, are scrambling to expand production. In the Ningde era, power battery giants such as BYD also started the battle for lithium hexafluorophosphate one after another. In August 2021, Ningde era signed a 5-year-old lithium hexafluorophosphate procurement agreement with Yongtai Technology, while BYD also signed a procurement agreement with Dorfredo for a total quantity of no less than 56050 tons of lithium hexafluorophosphate products, with a corresponding battery capacity estimated to be about 448GWh.
It is worth mentioning that on January 7, Duofudo revealed on the interactive platform that the company's current production capacity of lithium hexafluorophosphate has reached 20,000 tons.
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