Lithium battery data analysis in May: power battery enterprise shipments performed well.

Midsummer comes, lithium electricity industry will usher in its summer?From the point of the whole industry, held in May CIBF show, showing the major exhibitors home studying achievement in the past two years.And for new energy vehicles, passenger car structure adjustment, but at the moment to car companies ready, many class A and A0 level model is gaining momentum.During June, Hong Kong and Macao to the auto show, from the perspective on price, the price of some models have been established with superior performance.New energy auto market's busy driving lithium electricity market expectations have increased, and the lithium electricity value higher, can cause Davis double-click in June and July?Perhaps may related events, can bring us a better reference value.

From the point of all kinds of vehicles year-on-year growth, all kinds of models had fallen to contrast year-on-year growth in April, largely because of all kinds of vehicles year-on-year growth in April is bigger, passenger car 189 respectively.01%, 2075.13%, special for 100.55%, in contrast, may increase from base, it is also a reason for the declining data of may.

According to the latest statistics show that in May 2018, new energy automobile market in ChinaPower batteryInstalled capacity of about 4516.6 MWH, up 223% year on year, rose 22%.Passenger car installed capacity of about 1812.6 MWH, may account for 40% of the total installed capacity;Passenger cars installed capacity of about 2398.4 MWH, 53%;Special for installed capacity of about 305.6 MWH, 7%.

powerThe batteryEnterprise shipments bright eye

From the point of power battery enterprises, domestic new energy cars carrying power battery may involved 60 battery enterprises.Among them, the era of ningde to byd, 2.6 times the installed base of return to the top hundred million weft lithium can rise to the third by April 5.The top three battery installed enterprise combined accounted for 63% of total installed capacity in May.Top ten battery installed enterprise combined account for more than 80% of total installed capacity in May, industry concentration trend is obvious.

May look from models, the new energy vehicle battery installed capacity of the top enterprises of ningde era, byd;New energy bus installed capacity rank of lithium battery companies ningde era, million weft can;New energy vehicle installed capacity of the top enterprises is ningde era, jiangsu.Ningde era won all the top spot models installed capacity clear conscience lithium electricity unicorn the strength of the bear.

Lithium electricity segmentation materials have different performance, high nickel trend form

May shipments from the point of power battery performance, is quite good, the battery upstream of the subdivision material performance?This article will mainly from the cathode materials, anode materials, the diaphragm and the analysis of electrolyte and so on four aspects.

1, the anode material

lithium iron phosphate anode material statistics in May yield in more than 6000 tons, reaches producing rate is 77%, rose 19.2%.Lithium iron material continued the trend of improvement in April, as part of the enterprise starting from the mid to late April to restore full production, so high in May, recorded a month-on-month growth, such as Peking University first, Germany etc.Overall, the lithium iron phosphate enterprise nearly two phases of the moon for the first quarter has improved markedly, but still not back to last year's level, looking forward to the late demand continues to release.

Ternary cathode material in May statistical output of 9030 tons, reaches producing rate is 139.9%, rose 9.9%.Influenced by reasonable cobalt raw materials prices fell, the ternary material price in the fall of the 1-15000 yuan/ton.However, with the advent of power battery "summer", combined with the majority of new and expanding production capacity release, may quarter-to-quarter increase in grain yield, the ternary material market sales in April.Is expected in the second half of the ternary material capacity release will be more obvious.

It is worth mentioning that the ternary material high nickel is becoming a market of fresh air.Future capacity to expand gradually, will be conducive to the ternary material occupy a larger market.

According to OFweek industry research institute of data analysis, in 2018, with the big battery factories are starting to layout and production high nickel 811 batteries, high demand for nickel 811 positive electrode materials and rising prices, enter the price growth in 2018 reached 265 yuan/kg, but with cobalt acid lithium 400 yuan/kg price is still very have an advantage.

2, anode materials

Anode materials in statistical 15 domestic enterprises in May output of 16000 tons, rose 15%.At first gradient Mr Terry, shanshan, zichen yield is still far ahead.In the second gradient of anode materials production enterprises to common changed little compared with last month, some in the case of digital falling demand, production not only no growth, but some decline.Needle coke raw material market is still tight supply of goods, and raise the momentum, is expected in the second half of the import needle coke prices will increase.Anode materials prices relatively stable, but from power battery anode materials market demand for high-end demand growth significantly.In the current domestic anode materials price end in 4-60000 yuan/ton, high-end anode materials price in 7-90000 yuan/ton.

3, the diaphragm

Diaphragm effective production in May in 120 million square meters, reaches producing rate over 85%, up 20% from a year earlier.May diaphragm overall price stability, some price is lower, but according to the enterprise, the enterprise operation cost is high, the diaphragm prices would decline the space is limited.Prices may, dry/membrane price in 2 to 3 yuan/flat, wet/membrane price in 3.5 5 yuan/flat.As the downstream power battery capacity, improve the diaphragm shipments from the previous month, but the personage inside course of study also table worries about future, although the battery enterprises gradually restored, but its essence from the downstream orders, no better, some also have a large lithium electricity enterprises, affected by the low demand, the phenomenon of the production.

4, electrolyte

In may in the statistics of 14 domestic home appliance solutions for fluid production of 08900 tons, fell by 2%, bliss, a new main bond, dongguan shanshan production slowly rising, but some of the medium-sized enterprises generally said electrolyte shipments fell, mainly due to the 3 c electronic and digital products market demand decline significantly.In the power battery market demand, on the other hand, under the condition of slow release, some enterprises with higher early starts to digest inventory, production decline accordingly.Price, brush six lithium fluoride phosphate in raw material continuously break under the condition of low price, price is also a major earthquake, electrolyte now domestic electrolyte prices generally in 5-65000 yuan/ton, low-end quotation in 3-40000 yuan/ton, high-end price is in 100000 yuan/tons.

According to OFweek industry research institute predicted that the next three years the electrolyte of the incremental demand corresponding scale of output is expected to be close to 26.5 billion yuan.1 KWH of power li-ion battery need about 2.1 kg of liquid electrolyte, according to our domestic new energy automobile production and power battery shipments, by 2020, the domestic new energy vehicles will lead to the demand of power battery electrolyte size is about 151000 tons.In addition, the 3 c product stacking energy storage applications of lithium electricity calculated at 10% growth, electrolyte demand for 80200 tons in 2020.The next three years, therefore, the electrolyte demand increment of about 589300 tons.As a result, it is easy to understand as an He Xinzhou expansion has set up a subsidiary of up to 20000 tons at this stageLithium ion batteriesElectrolyte.

Lithium electricity investment market, the future investment opportunities

In may,The lithium batteryAnd new energy automobile index rose 0.67% and 0.53%, while the csi 300 index rose 1.03.Back in May was mainly affected by the external risk, especially the trade dispute and uncertain.

Upstream materials prices is expected in 2018 the overall high range-bound.On June 8, battery grade lithium carbonate price 137500 yuan/ton, a 10.71% drop from the beginning of may.Lithium hydroxide price 140000 yuan/ton, a 6.67% drop from the beginning of may.Electrolytic cobalt price 610000 yuan/ton, a 10.56% drop from the beginning of may.Cobalt acid lithium is 475000 yuan/ton, a 3.46% drop from the beginning of may.Six fluoride phosphate lithium price is 127500 yuan/ton, down 5.20% compared with the beginning of may.Estimated battery grade lithium carbonate, lithium hydroxide, electrolytic cobalt and cobalt acid lithium prices dropped sharply in the limited space, the overall high interval concussion, including battery grade lithium carbonate is expected to have support near 130000 yuan/ton, and six basic bottom prices are expected to lithium fluoride phosphate.

So far, lithium battery and gem valuation about 33 and 35 times, respectively, the lithium battery plate valuations are significantly lower than 50.73 times the industry median level in 13 years.

Under the trend of subsidies downhill, lithium electricity installed capacity increases, may herald a new energy automobile market development space is still large.Based on the new energy automotive industry development prospect and trend of enterprise's performance, some key materials and lithium electricity investment opportunity gradually highlight segmentation lithium battery field.

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