The price of lithium battery materials has risen by nearly 200%!
The price of lithium battery materials is still rising. On April 19, the leading company in lithium hexafluorophosphate, Duo Fluoride (002407.SZ) announced that the company’s sales price of lithium hexafluorophosphate increased by RMB 30,000/ton for various domestic customers and USD 4,500 for international customers on the basis of the original price. /Ton. Screenshot of Fluoropoly Announcement On April 20th, Tianji (002759.SZ) stated that according to the current supply and demand changes in the lithium hexafluorophosphate market, the adjustment of market quotations in the same industry, and the effective production release of the company’s subsidiary Xintai Materials’ lithium hexafluorophosphate, the company’s lithium hexafluorophosphate products have recently been released. The price is increased by 15%-20% on the basis of the existing quotation. Lithium Grid noticed that on March 3, lithium hexafluorophosphate had already experienced a substantial price increase. At that time, domestic quotations rose 35,000 yuan/ton. It is understood that the current lithium hexafluorophosphate company is almost at full production. Regarding the specific price of lithium hexafluorophosphate, the quotation on April 16 showed that domestically produced lithium hexafluorophosphate was about 180,000 yuan/ton to 220,000 yuan/ton. Since September 2020, the price of lithium hexafluorophosphate has risen sharply, from 70,000 yuan/ton to 200,000 yuan/ton, an increase of nearly 200%! It is worth noting that the price increase trend of lithium hexafluorophosphate has not changed. The market believes that the production of lithium hexafluorophosphate leading companies is concentrated, and the supply of new output in a short period of time is superimposed. Under the background of tight production, the price of lithium hexafluorophosphate is expected to reach 300,000 yuan/ton. If it is said that lithium hexafluorophosphate starts to rise from 70,000 yuan/ton, then when the price rises to 300,000 yuan/ton, its increase will exceed 300%! The price increase is not limited to lithium hexafluorophosphate. Lithium carbonate. The raw material has risen sharply from November 2020, and the rate of increase will accelerate in 2021. It is understood that the current price of battery-grade lithium carbonate is about 82,000 yuan/ton. Data from Shanghai Nonferrous Networks shows that from October to the end of February 2020, the price of battery-grade lithium carbonate has risen by 100%, and the price of industrial-grade lithium carbonate has risen by 117%. When will the price increase of raw materials stop? At least, judging from the trend of commodity futures, we have not seen any signs of slowing down. According to reports, the highest intraday price of palladium metal futures in June 2021 reached US$2929 per ounce on the 23rd, exceeding the price in February 2020 and setting a record high. For a long time, palladium has been widely used in automobile exhaust gas treatment devices, and the price of palladium has continued to rise for the third month. Some analysts worry that the rebound in demand from automakers will exacerbate the supply shortage of palladium. In the same way, the rapid increase in the production and sales of new energy vehicles and the substantial expansion of power lithium battery companies will only increase the demand for lithium battery raw materials. At least in the short term, the price of mainstream lithium battery materials will rise!
