On the evening of April 18th, Polyfluorodo (002407) announced that from now on, the company's sales price of lithium hexafluorophosphate has been raised by 30,000 yuan / ton to all kinds of domestic customers and US $4500 / ton to all kinds of international customers.
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 price adjustment of lithium hexafluorophosphate products in a timely manner. This product price adjustment will have a positive impact on the overall performance of the company.
The battery network noted that due to the obvious increase in the price of lithium hexafluorophosphate, polyfluoroduo could turn losses into profits by 2020:
On the evening of April 6, KuaiBao released its annual results in 2020, with a total operating income of 4.245 billion yuan, an increase of 6.19 percent over the same period last year, a total profit of 39.8621 million yuan, and a net profit of 48.6223 million yuan belonging to shareholders of listed companies, compared with a net loss of 411 million yuan last year. Basic earnings per share is 0.07 yuan.
Dofudo said that the main reasons for achieving a turnaround from losses to profits in 2020 are: first, to adjust the vehicle development strategy of new energy vehicles in a timely manner, shrink investment, and no longer include its subsidiary Red Star cars in the scope of consolidated statements in October 2020; second, to further focus on the company's advantageous industries and speed up the layout of new materials, downstream lithium battery demand is strong, lithium hexafluorophosphate as the core material of power lithium battery electrolyte, its price has increased significantly.
It is reported that lithium hexafluorophosphate is one of the leading products of polyfluorodo. at present, it has a production capacity of 10000 tons / year. driven by the improvement of the downstream new energy vehicle industry, lithium hexafluorophosphate is the core material of power lithium battery electrolyte. the market demand has been strong since the fourth quarter of 2020, and its price has rebounded from the bottom of the industry cycle. In the second half of 2021, the company will add 5000 tons of lithium hexafluorophosphate capacity, which will be gradually released according to market conditions in the future.
On March 15, in response to questions from investors, Duofuoduo said that the company's supply of a variety of lithium salts and some fluorine chemical products represented by lithium hexafluorophosphate was tight.
It is reported that the average price of lithium fluorophosphate reached 220000 yuan / ton last Saturday. Guotai Junan believes that with the rigid superposition of supply and the rapid growth of demand, the rising cycle of the price of lithium hexafluorophosphate will continue. It is predicted that the average price for the whole year of 2021 is expected to exceed 200000 yuan, or the highest will reach 250000 yuan.
According to a research report released by Guoxin Securities, the core of this round of electrolyte price increase lies in the substantial increase in the price of hexafluorine in raw materials. According to the pace of industry production expansion, it is expected that the tight supply and demand of hexafluorine in 2021 is expected to continue throughout the year. The cost transmission of the electrolyte industry chain is smooth: 1. Lithium hexafluorophosphate rises before the upstream raw materials, and the gross profit per ton of the industry rises from a low of 4000 yuan to the current 50, 000 yuan, with 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 of demand for iron and lithium aggravates the tight situation of supply and demand of 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 estimates that the global demand for lithium electrolyte will increase from 294000 tons in 2020 to 1.23 million tons in 2025, with a CAGR of 33% and a global market space of more than 80 billion. The domestic demand for lithium electrolyte is expected to increase from 153000 tons in 2020 to 600000 tons in 2025, with CAGR of 31%. Among them, the demand for ternary electrolyte and LFP electrolyte is expected to be 330000 tons and 240000 tons respectively in 2025. The demand for lithium hexafluorophosphate is expected to reach 153000 tons in 2025, and the demand will reach four times that of 2020, including domestic demand of 75000 tons and overseas demand of 78000 tons.
![[SMM 에너지저장 배터리 셀 시장 주간 리뷰 9.3] 동박 공급 부족으로 9월 생산 일정 제약, 에너지저장 배터리 셀 가격 견조 유지](https://imgqn.smm.cn/usercenter/tKgKv20251217171725.png)
![Lithium Carbonate Market Weekly Review: 8.31-9.3 spot lithium carbonate prices rose first then fell, overall downward trend [SMM Weekly Review]](https://imgqn.smm.cn/usercenter/PPLUj20251217171727.jpg)
