Electrolyte picture source / Shanshan Co., Ltd

[industry] the price of electrolyte is higher than expected

The price of electrolyte remained unchanged last week. Recently, the prices of solvents and lithium hexafluorophosphate have been basically stable. This year, the price of raw materials has increased to the highest level, and the price of electrolyte has also increased a lot than expected. It is expected that the price of electrolyte may remain stable in the future. Last week, the price of SMM electrolyte (for ternary power) was 42000-52000 yuan / ton, and the average price was flat compared with last week. The price of SMM electrolyte (for lithium iron phosphate) is 35000-41000 yuan / ton, and the average price is the same as last week. The price of SMM electrolyte (lithium cobalt oxide) is 53000-63000 yuan / ton, and the average price is the same as last week. The price of SMM electrolyte (for lithium manganate) is 19000-29000 yuan / ton, and the average price is the same as last week. (source: Shanghai Nonferrous Metals network)

[market] increased demand for dimethyl carbonate

The price of industrial dimethyl carbonate soared by more than 12% on November 16, with an increase of 28% in the past week. This is mainly due to the impact of the increase in the price of raw material propylene oxide, and the cost side support is acceptable.

Huachuang Securities pointed out that it is understood that this is mainly affected by the increase in the price of raw material propylene oxide, and the cost side support is acceptable. In addition, downstream demand and export orders are also good. At present, the load of some new process units is low, including the shutdown of Yunhua green energy unit, Chongqing Dongneng unit and Zhongke Huian unit, and the overall supply has declined. In terms of battery grade, the demand for dimethyl carbonate in electrolyte solvent has increased recently, and the superposition of export orders of enterprises is better, which has an obvious pulling effect. (source: Securities Times)

[exclusive interview] Boxin new energy: the project with an annual output of 50000 tons of electrolyte is expected to be mass produced next year

Since the second half of 2016, due to the serious overcapacity of electrolyte and its key raw material lithium hexafluorophosphate, the price of electrolyte has been hovering at the bottom for three years. Since September this year, the price of lithium hexafluorophosphate has increased significantly, and the price of electrolyte has also increased.

"For us, this electrolyte rise is a combination of opportunities and challenges." Recently, shaojunhua, chairman of Hunan Boxin New Energy Technology Co., Ltd. (hereinafter referred to as Boxin new energy), said when communicating with the battery network, "On the one hand, the rising purchase cost of electrolyte raw materials leads to the rising price of electrolyte. This is a forced behavior. The situation will test the capital operation ability of electrolyte production enterprises, because they need to use cash to purchase raw materials, and then process and sell them to customers. On the other hand, in order to avoid the tight capital chain, it is necessary to optimize the customer structure, ensure high-quality customers with good reputation and excellent payment collection, and speed up the recovery of accounts receivable Accounts and overdue accounts to reduce the generation of bad debts. "

Shaojunhua revealed that the designed electrolyte production capacity of Boxin new energy phase I is 6000 tons / year, with an investment of 150million yuan. At present, the production capacity is 3000 tons. The construction of the second phase of the project with an annual output of 50000 tons of electrolyte has started, with an initial investment of 200million yuan. It is expected that the infrastructure will be completed by the end of this year, and the equipment will be installed and commissioned next year. The actual mass production will be available in 2021. (source: battery "Davos" - battery network)

[observation] the origin of ethylene glycol and dimethyl carbonate

The origin of ethylene glycol and DMC originates from the rise of coal based ethylene glycol. Most coal based ethylene glycol plants have the sales of DMC, a by-product, and there are also light alcohol co production DMC process units in the ethylene glycol reprocessing link. However, the capacity that can reach the battery level is less. With the rise of new energy, the demand for electrolyte is expanding, and DMC has gradually become active in the eyes of market participants. The demand will maintain rapid growth in 2020, and the DMC market is excellent, The new process route of the product began to attract the attention of the factory.

In recent years, ethylene glycol has been depressed due to the pressure of centralized production capacity. Recently, Yantai Wanhua has an annual output of 150000 tons of EO and a by-product of 30000 tons of EG device is about to be put into production. At present, we should not only pay attention to the release of pressure on the production capacity of main factories, but also pay attention to the market supply of ethylene glycol as a by-product. Undoubtedly, the wide application of DMC transesterification production process will make ethylene glycol worse. (source: Zhongyu information)

[think tank circle]The price of lithium hexafluorophosphate is expected to start a new round of price rise cycle

According to the statistics of Ping An Securities, the global total capacity of lithium hexafluorophosphate was 6.2/69000 tons in 2020 / 2021. If converted at the proportion of 80%, the effective capacity was 5/55000 tons respectively. The actual demand for lithium hexafluorophosphate may reach 38000 tons in 2020; Among them, in the second half of the year, the traditional peak season of consumer electronics combined with the rebound of new energy vehicles, and the consumption demand of lithium hexafluorophosphate is expected to reach 20000-25000 tons, corresponding to the half year effective capacity of 25000 tons. The supply and demand is relatively tight, supporting the short-term upward price. Due to the low price of lithium hexafluorophosphate, the manufacturers' willingness to expand production is low, and the long expansion cycle, the new capacity of lithium hexafluorophosphate is relatively limited in the next 1-2 years. As the demand side returns to high growth, the supply and demand pattern is expected to be further improved. Ping An Securities predicts that the excess capacity of lithium hexafluorophosphate will be reduced to less than 4000 tons in 2021, the supply and demand will be balanced in 2022, and the price of lithium hexafluorophosphate is expected to start a new round of price rise cycle.

Article source:Battery net