SMM June 21: lithium battery stocks continued to rise at the start of trading today, with the sector index rising more than 1.81% and hitting an all-time high. While the lithium battery index is active, lithium battery stocks are also not willing to lag behind. Fulin Seiko once rose more than 15%, and Cixing shares also rose more than 18%, showing a very strong performance. By the end of the afternoon, Mindong Electric Power, Jinchen shares, Dingsheng new materials and Yongtai Technology trading board.
At the same time, the new energy vehicle sector also ushered in a new round of carnival, as of the midday close, Wencan shares, Jingda shares, Hanma Technology, Central shares and Xiangshan shares and other stocks rose 20%.
On the news side, Xu Haidong, deputy chief engineer of the China Automobile Association, said that the overall growth of the domestic automobile market this year will be adjusted to 6.5% from about 4% before. Among them, passenger vehicles may grow by about 10%, while commercial vehicles will be adjusted from-10% to-8%. The total number of new energy vehicles will exceed 2 million, an increase of 46 per cent.
It is worth mentioning that at the 2021 China Automotive Forum on June 18, numerous celebrities expressed an optimistic attitude towards the future of new energy, mostly for people in the industry. new energy vehicles are the key nodes of green energy and future travel, which will help to achieve the strategic goal of carbon peak and carbon neutrality.
On the same day, stimulated by the positive news, lithium electricity and new energy vehicle plates have ushered in a wave of stops, triggering a carnival in the industry.
On the evening of June 17, Fulin Seiko announced that the company plans to issue shares to specific targets to raise no more than 1.5 billion yuan. It will mainly invest in the new energy vehicle intelligent electric control industry project, the annual output of 50, 000 tons of new energy lithium battery cathode materials project and supplementary liquidity.
It is reported that Fulin Seiko will raise 272 million yuan to invest in the project with an annual output of 50, 000 tons of new energy lithium cathode materials invested by its subsidiary Jiangxi sublimation in January 2021. At present, Jiangxi sublimation has an annual production capacity of 12000 tons in lithium iron phosphate cathode materials. The construction period of the project is 12 months, and the total investment of the project is 805 million yuan. after the capital investment, the annual production capacity of 50, 000 tons is expected to be formed by the end of December.
As of June 18, according to the spot quotation of SMM, the average price of power lithium iron phosphate was 50000 yuan / ton, up 1200 yuan / ton or 31.6% from the beginning of the year.
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According to SMM research, the recent rise in iron phosphate prices has affected some lithium iron phosphate enterprises, iron phosphate prices have generally uplink to 1.35-15000 yuan / ton range, some iron lithium enterprises have received the upstream iron phosphate enterprises price increase letter, in the downstream overall iron phosphate overall inventory is not much, it is expected that lithium iron phosphate prices will rise in the future. "View details
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