Lithium hexafluorophosphate rose rapidly in the first half of the year: tight supply continued into the first half of next year.

Sales of new energy vehicles were booming in the first half of the year, benefiting the upstream raw material lithium hexafluorophosphate. 002407.SZ) related personnel believe that the tight supply of lithium hexafluorophosphate will continue to the first half of next year, the price will rise steadily.

The price of lithium hexafluorophosphate is expected to break through a new high this year. Some analysts pointed out that the peak season of traditional demand for lithium hexafluorophosphate has come, and driven by the positive growth of downstream demand, the market price of lithium hexafluorophosphate will set a new record high, but new production capacity will be released in the fourth quarter. it is expected that the tight supply of lithium hexafluorophosphate will ease in the fourth quarter.

Lithium hexafluorophosphate is fully produced and sold.

On the afternoon of July 16, the third interim shareholders' meeting of Duofudo in 2021 was held in Jiaozuo. After the meeting, we exchanged views on the recent hot spots of the company and industry, the relevant personnel of the multi-fluorine industry and the reporters of the Financial Associated Press. According to the staff, at this stage, the company's lithium hexafluorophosphate is fully produced and sold, and the new production capacity of 5000 tons is gradually released. Coupled with the original production capacity of 10, 000 tons, it is estimated that the production capacity of lithium hexafluorophosphate will reach 15000 tons by

As the main electrolyte material of lithium battery, lithium hexafluorophosphate can improve the comprehensive performance of lithium battery. The above staff said that from the current sales and industry feedback, the tight supply of lithium hexafluorophosphate will continue to the first half of next year, the price will rise steadily, as to what level the price can reach, it is difficult to judge for the time being.

Longzhong Information Lithium hexafluorophosphate analyst Wang Shuju said that the third quarter is the peak season of traditional demand for lithium hexafluorophosphate. Driven by the positive growth of downstream demand, market prices will refresh new record highs. New production capacity of major production enterprises of lithium hexafluorophosphate is released in the fourth quarter. It is expected that the tight supply of lithium hexafluorophosphate will ease in the fourth quarter.

Polyfluorine is mainly engaged in aluminum fluoride salts, new materials, lithium batteries, etc., in which aluminum fluoride salts include anhydrous aluminum fluoride, polymer cryolite, etc., and new materials include lithium hexafluorophosphate and new lithium salts, electronic grade hydrofluoric acid, electronic grade silane and so on. According to the 2020 annual report, the company's revenue from aluminum fluoride and new materials accounted for 43.16% and 25.1% respectively, up-9.58% and 21.04% from the same period last year.

"anhydrous aluminum fluoride is the company's traditional business," the above staff revealed. The company's development strategy is to rely on the existing core resources, focus more on advantageous industries, and give full play to its core technological advantages. efforts should be made to achieve the transformation from basic materials to new energy materials and electronic information materials. now the company's electronic grade hydrofluoric acid downstream customers are mainly photovoltaic and semiconductor industries, and have supplied to well-known manufacturers in individual industries for many years.

The prosperity of the lower reaches is expected to continue to rise.

According to the first quarterly report of Dofudo in 2021, the company's revenue and return net profit were 1.239 billion yuan and 93.2649 million yuan respectively, an increase of 50.79% and 7448.21% over the same period last year. Dofuoduo has not yet issued a forecast of the results of the interim report.

Wang Shuju said that by the end of June this year, the average market price of lithium hexafluorophosphate was 355000 yuan / ton, up 381.4% from the same period last year. The price of lithium hexafluorophosphate rose rapidly in the first half of the year, related to the sharp increase in sales of new energy vehicles and the inability to meet the downstream production capacity. By the end of 2020, the production capacity of major domestic enterprises lithium hexafluorophosphate reached 56000 tons, and the production capacity is expected to reach 85000 tons by the end of 2021.

For the future price performance of lithium hexafluorophosphate, the above staff are relatively cautious, in his view, the new energy vehicle market is hot, but the pattern of power battery industry chain is basically taking shape, and the head effect of power battery and upstream raw materials is obvious. the industry as a whole is relatively rational, and it is expected that the price of lithium hexafluorophosphate will not increase explosively.

The prosperity of polyfluorine and downstream electrolytic aluminum and new energy vehicles is expected to continue.

Zhang Xucheng, an open source securities analyst, believes in his research report that since the formulation of the double carbon target, the policy of double control of energy consumption around the country has become stricter, the progress of new production capacity of electrolytic aluminum has been delayed, and the stock production capacity has been affected by certain production limits. in the context of a steady increase in demand, electrolytic aluminum is tight in supply or support a high aluminum price. in addition, the central bank cut reserve requirements to create a loose liquidity environment for commodity prices, but we still need to pay attention to risks such as aluminum prices falling more than expected.

Sun Keyao, an analyst at Shanghai Securities, said in his research report that sales of new energy vehicles in June were higher than output, and downstream demand was stronger than expected, coupled with the export of some models, so the overall inventory deregulation state. Due to continuous destocking, the inventory level of dealers is already low, and the replenishment trend in the second half of the year will further show. July belongs to the off-season of car sales, however, The production schedule of the middle and upper reaches of new energy vehicles is still exuberant.