On May 28, the lithium battery plate set off a crazy limit. At the end of the day, 8 shares including Rongbai Technology, Dilisheng, Xinlun Technology, Skyline shares, Polyfluorodo, Tianyuan shares, Mindong Electric Power, Huajin Capital, etc., rose by more than 10%. 16 shares, such as Zhongwei shares, Tianhua Super Clean, Jiayuan Technology, etc., rose by more than 10%. What happened under the plate carnival?
Some institutions said that the sharp rise in the lithium battery plate may be related to the new large orders of leading enterprises. On the evening of May 27th, as a major domestic manufacturer of lithium-ion battery materials and a godsend material that mainly supplies lithium battery electrolyte and cathode material lithium iron phosphate, its wholly-owned subsidiary Ningde Kaixin signed a "material supply Framework Agreement" with Ningde Times, which agreed that from the effective date of the agreement to June 30, 2022, Ningde Kaixin needs to supply Ningde era with a corresponding quantity of electrolyte products with an estimated consumption of 15000 tons of lithium hexafluorophosphate. Ningde era prepaid product payment of 675 million yuan.
It is worth mentioning that since 2021, the price of lithium hexafluorophosphate has gone up all the way, and now the average price has reached 124000 yuan / ton. The trading volume of 15000 tons is close to 2 billion yuan according to the average price. Benefiting from the crazy rise in the price of lithium hexafluorophosphate, the net profit of polyfluoroduo soared by 7448.21% in the first quarter. In view of the fact that there is still an obvious imbalance between supply and demand of lithium hexafluorophosphate, the strong demand downstream cannot be met in a short time at the upstream material end, while the capacity of lithium carbonate, the main raw material of lithium hexafluorophosphate, is also tight, and the price is substantially upward, SMM expects that lithium hexafluorophosphate still has upside space in the future.
After this transaction, Divine Materials quickly lifted the sealing board in a short period of time in the morning trading today. After that, although there were small fluctuations, it rose by the daily limit again at noon. By the close of trading, Tiancai material rose 9.2% to 87.36 yuan per share. The conclusion of this agreement marks the recognition of the company's R & D capability, quality system and production and supply capacity in Ningde era, and further verifies the competitiveness of Tianci materials in the field of lithium-ion battery materials.
Coincidentally, the Ningde era also rose all the way after the opening, with an increase of 9.69% at one point, and the market capitalization once exceeded 960 billion and approached the previous high. By the end of the day, Ningde Times had risen 6.67% to 409.6 yuan per share.
With the popularity of new energy vehicles, power batteries are the same for a while. According to SMM, with the increment of the new energy market in 2021, the demand for lithium batteries in the new energy market is expected to reach 102GWH, an increase of 60% over the same period last year, and the corresponding demand for lithium salt will increase significantly.
Among them, as the key raw material of high-nickel ternary lithium battery, the price of lithium hydroxide continues to rise this year. As of May 28, according to the spot quotation of SMM, the average price of domestic battery-grade lithium hydroxide was 90500 yuan / ton, rising for 22 consecutive weeks, with a cumulative increase of 82% so far this year. Minsheng Securities believes that most of the new energy vehicle batteries listed in 2021 are high-nickel ternary lithium batteries, the demand for battery-grade lithium hydroxide maintains high growth, and the price upward trend is expected to continue.
Open source securities said that the leading enterprises in all aspects of lithium materials in the first half of 2021 are basically in a state of full production, the certainty of the rapid growth of demand in the whole industry chain is getting stronger and stronger, and the prosperity will be further improved in the second half of the year. Specific to each link, lithium iron phosphate cathode, electrolyte link has experienced industry reshuffle in the first half of 2019-2020, the concentration has been significantly improved, leading enterprises are deeply bound to lithium power plants, and their competitiveness has been continuously strengthened.
As for lithium carbonate, according to SMM estimates, the monthly inventory of lithium carbonate in China reached 6153 tons in April 2021, an increase of 184% over the previous month, so some traders and smelters sold goods at low prices in April. In May, the overall supply still exceeds demand, while the future demand is good, so the upstream quotation has not been loosened. "View details
As of May 28, SMM battery-grade lithium carbonate was quoted at 89000 yuan per ton, up 68 per cent from the beginning of the year.
"Click to see more SMM metal spot prices.
For the trend of future lithium prices, CITIC Securities believes that although the pace of production expansion of South American salt lake lithium extraction enterprises is accelerating, it is still unable to alleviate the current tight supply situation in the lithium industry. The integrated salt lake lithium extraction project is expected to expand its market share due to the advantages of low cost and low emissions, and the domestic salt lake lithium extraction industry will benefit from policy support and the development of lithium price warming will be accelerated. Optimistic that lithium prices continue to rise and companies with integrated layout recommend Ganfeng lithium industry and Shengxin lithium energy, and suggest paying attention to Tianqi lithium industry and Koda manufacturing.
According to the historical price of SMM, as of May 28, the average price of domestic lithium metal was 620000 yuan / ton, up 87.2% from the beginning of the year.
"Click to view the historical price of SMM Metals.
It is not only in the field of new energy vehicle power batteries that lithium batteries will be used in the future. Huachuang Securities said that with the strong support of energy storage policies in the context of carbon neutralization, the decline in the cost of superimposed systems leads to the emergence of economy, and energy storage is expected to increase with certainty. Lithium batteries will become an important tool.
Therefore, on the whole, the lithium battery industry will continue to be hot in the future.
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