Reasons for the sharp decline in the price of electrolytes

Last year in the electrolyte field of the extremely fierce "killing" shocking, how will this year?

The author learned that under the power battery drive, the material output value is generally "rising high", but the electrolyte has become the only product in the four major materials that has experienced a decline in output value. The price of electrolytes has fallen by as much as 50 % this year from last year.

At present, the mainstream electrolyte product price is at the level of 3.8 ~ 50,000 tons, high-end products are still about 80,000 yuan per ton, some digital electrolyte product quotes have approached 30,000 yuan per ton, and some low-end product quotes have even dropped below 30,000 yuan per ton.

The reason for the sharp drop in prices, industry insiders have provided a variety of arguments.

One argument is that the rapid rise of some battery companies last year and the rapid expansion of demand are also more powerful price. At the same time, some electrolytic fluid enterprises would rather sacrifice profits to achieve this phenomenon in order to seize market share.

Another argument is that the supply of lithium hexafluorophosphate, the main raw material for electrolytes, has increased significantly, and the price has dropped all the way to 150,000 tonnes from 350,000 tonnes at the beginning of last year, so the price of electrolytes has also declined.

In fact, these two arguments are the true portrayal of the electrolyte field. At present, the blind investment in the electrolyte field and the bottomless price reduction competition have caused many people to sigh. The most intuitive reflection is that the domestic electrolytic fluid enterprise collective profit level slows down.

Objectively speaking, the market strategy of "killing the enemy one thousand, self-loss eight hundred" is not rational, and grabbing the market share without profit has no meaning in itself. Moreover, if the cooperation falls to a certain extent, it is certain that the health will not be reduced unless it is at a loss for business.

A bad feeling is that this year's downstream power battery companies have further proposed price reduction requirements. At present, the price of the electrolyte industry is already very transparent, and it is already close to the bottom line. Will it lead to more fierce competition and push more weak electrolytes companies to the edge of life and death?

An electrolytic fluid enterprise executives reluctantly told the author, this year to cooperate with the power battery enterprise decline, there is really not much space. 鈥淚t's going to be a lot of businesses that are going to die. "

Obviously, the situation in the electrolyte industry, which is deeply affected by downstream power batteries, is obviously beneficial to large companies. These companies have large-scale production capacity, can adapt to the "thin profit and sell more" industry hidden rules, but also have the financial strength to bear the long-term accounting conditions required by power battery companies, and occupy a commanding height in technology research and development.

In the next three years, China's power battery market will be in a period of rapid development. As the state subsidy policy is linked to energy density, the share of ternary power battery will gradually increase, and the proportion of ternary system and Gaodianya system electrolytes will gradually increase.

In addition, the new system materials are gradually applied in bulk, and the demand for electrolytes with new functions is maintained, such as electrolytes with Silicon negative electrodes, high-nickel ternary electrolytes, 5V Gaodianya electrolytes, and electrolytes suitable for fast charging.

It is expected that in the next three years, low-end repetitive electrolyte production capacity will be eliminated. Enterprises that master core additive technology, layout of core raw material resources upstream, and have high-quality customers will be able to achieve significant development. The electrolyte market will also be rapidly concentrated in the hands of large companies.

The page contains the contents of the machine translation.