The news of the price rise has hit the ground of lithium battery stocks, which is expected to continue the relay of the industrial chain.

A price increase announcement confirms the high-profile demeanor of the lithium battery industry. Boosted by the good news, many stocks in the plate rose by the daily limit.

As of press time, Hausen shares, Tuobang shares, China Mineral Resources, Skyline shares, Yongxing Materials, God-given Materials, Polyfluoroduo successively sealed the board, Yiwei LiNeng, Shanshan shares, Ganfeng Lithium Industry led the increase.

Lithium hexafluorophosphate enterprise started full production and issued a price increase announcement.

Yesterday, Dofuoduo issued a price adjustment announcement.

According to the announcement, from now on, the company's sales price of lithium hexafluorophosphate is increased by 30000 yuan / ton to all kinds of domestic customers and US $4500 / ton to all kinds of international customers on the basis of the original price.

Dofuoduo said that the company will closely follow the price trend of lithium hexafluorophosphate and the change of supply and demand, and do a good job in adjusting the price of lithium hexafluorophosphate products in time. This product price adjustment will have a positive impact on the overall performance of the company.

Lithium hexafluorophosphate is the core raw material of electrolyte. Since the second half of last year, the prosperity of the new energy vehicle industry has continued to rise, and it has set a new monthly production and sales record for eight consecutive months. The supply and demand of key lithium materials is tense. At present, lithium hexafluorophosphate enterprises are almost at full production.

With the high demand for lithium power, the performance of multi-fluorine and multi-performance has also been hitched a ride. In 2020, polyfluorine will make a profit from losses, with a net profit of 48.62 million yuan for the whole year. Entering 2021, its performance is skyrocketing, the first quarter is expected to achieve a net profit of 90 million yuan-95 million yuan, single-quarter performance is equivalent to twice that of the whole of last year.

The conductive electrolyte in the industrial chain is expected to increase the price in a relay.

The downstream application of lithium hexafluorophosphate is mainly electrolyte. According to institutional estimates, the global electrolyte market is expected to be nearly 50 billion in 2025, four times that of 2020. At that time, the global demand will be nearly 1.2 million tons, corresponding to about 150000 tons of lithium hexafluorophosphate.

Guoxin Securities Research report said that the tight supply and demand of hexafluorine in 2021 is expected to last for the whole year. The cost transmission of the electrolyte industry chain is smooth: 1) Lithium hexafluorophosphate rises ahead of the upstream raw materials, and the gross profit per ton of the industry rises from a low of 4000 yuan to 50,000 yuan at present, resulting in a huge profit elasticity; 2) the shortage of VC has become the bottleneck of electrolyte production, environmental protection and long-term investment delay supply expansion, and the rebound in demand for iron and lithium aggravates the tight situation of supply and demand for VC. 3) the electrolyte fully conducts the upstream price increase, the price increase has lag but excess increase, and the excess increase of iron-lithium electrolyte is the highest; 4) for battery factories, the price reduction of cathode materials provides room for electrolyte price increase, and the cost transmission is relatively smooth.

Guoxin Securities said that in the short term, the increase in electrolyte prices in 2021 will be sustained, tight supply will lead to excess increases in electrolyte prices, and enterprises with self-supplied hexafluorine production capacity will enjoy dual price increases in hexafluorine and electrolyte.

In the long run, the high growth of lithium battery drives the high growth rate of electrolyte, the volume of customers at home and abroad of leading enterprises under the attribute of light assets, and the accelerated expansion of production capacity, while the continuous layout of upstream raw materials such as VC, hexafluorine and LiFSI, to build an integrated production chain, enhance the cost advantage and ensure a stable supply of raw materials, and the improvement of industry concentration has certainty.

Guoxin Securities is optimistic about the electrolyte faucet with outstanding core R & D capabilities, relatively perfect industrial chain layout and excellent customer structure, and recommends divine materials and new Zebang. 1) God-given materials: domestic electrolyte leader, vertical integration of the industrial chain to create excess gross profit margin, the market share has increased significantly in the past three years; 2) New Zebang: electrolyte business is growing steadily, R & D investment is far ahead, and the integrated layout is promoted in an orderly manner. Fluorine chemical business is expected to add new momentum.