According to the data monitored by the business community, as of April 26, the average price of domestic power grade lithium iron phosphate was 50000.00 yuan / ton. Recently, the rising trend of lithium iron phosphate slowed down, with an overall increase of 4.17% in April, or 2000 yuan / ton. The situation that the upstream lithium carbonate is in short supply has also been alleviated. Since 2020, with the development of global economy, the awareness of environmental protection has been continuously strengthened, With the rapid development of new energy battery industry, LiFePO4 has become the mainstream development direction by virtue of its excellent performance and manufacturing cost.

Application of LiFePO4

At present, the main application field of LiFePO4 is new energy vehicles, accounting for a relatively large proportion, followed by energy storage, electric ships and other fields are also developing rapidly. The production capacity of LiFePO4 is growing rapidly, with the production capacity of 7-8 tons in 2017-2018, 9-10 tons in 2019 due to the growth of demand, and 250000 tons in 2020, From 2015 to 2019, the production and sales scale of new energy vehicles in China will increase from more than 300000 to more than 1.2 million. In 2021, the installed capacity of lithium iron phosphate power battery in China will reach 41.8gwh, and the share of lithium iron phosphate in the power battery market will be between 40% and 50%. The sales volume of hot new energy vehicles will continue to increase, and it will maintain a steady growth from 2021 to 2023, From July to September, the wholesale sales of new energy passenger vehicles reached a record high in the same period. Lithium iron phosphate is favored by more and more new energy vehicle enterprises. After 2021, lithium iron phosphate will undoubtedly emerge in more application markets. New land transportation vehicles, 5g base stations, marine transportation tools, and domestic energy storage are all future battlefields of lithium iron phosphate, with data backup power supply, Standby power supply for medical devices, elevator, etc. the power demand will also bring certain development space for lithium iron phosphate. The field of 5g communication energy storage standby power supply is developing rapidly. China Mobile and China Tower have successively carried out 5g base station standby power supply, using lithium iron phosphate energy storage. At present, the bidding for centralized projects has been announced, and the bidding volume is 2.09gwh, There are about 14.38 million base stations to be reconstructed in the future. 5g energy storage market brings huge space for the demand of LiFePO4 battery.

product Specifications Quotation (10000 yuan / ton) date

Lithium iron phosphate Dynamic type 4.8-5.2 April 26th

Lithium iron phosphate Energy storage type 4.2-4.6 April 26th

Lithium carbonate Industrial grade 8.1-8.5 April 26th

Lithium carbonate Battery grade 8.8-9.2 April 26th

Price

According to the statistics of the business society, the overall price of LiFePO4 increased by 35.14% from the beginning of January to the end of April in 2021, up to 13000 yuan / ton. The price of LiFePO4 in the beginning of January in 2021 increased by 37000 yuan / ton to 38000 yuan / ton by the end of January, up by 2.7% to 1000 yuan / ton. The price of LiFePO4 in the beginning of February increased by 13.51% from 38000 yuan / ton to 42000 yuan / ton, The price of LiFePO4 increased by 10.53% to 4000 yuan / ton compared with that in early February. The price of LiFePO4 increased by 11.63% from 43000 yuan / ton to 48000 yuan / ton in early March. The price of LiFePO4 increased by 29.73% compared with that in early January and 26.32% compared with that in early February. The price continued to rise in April, and the overall price rose by 4.17%, Up 2000 yuan / ton.

We learned from the lithium carbonate data division of the business society that the price of lithium carbonate has been in a stable state in the near future. Due to the continuous increase of domestic lithium carbonate from March to may, the relationship between supply and demand has been improved to a certain extent. The previous shortage of lithium resources does not seem to have any impact on the price of lithium carbonate in the near future. However, in 2021, the problem of lithium shortage is more important. After the bankruptcy of Altura, the supply of Australian mines began to tighten, and some of Tianqi’s production capacity could not be guaranteed. There were only two lithium mines available in Australia, and the demand of other smelters in the market for lithium mines decreased greatly. The following price trend comparison chart of lithium carbonate and lithium iron phosphate.

According to the LiFePO4 analyst of business news agency, the development trend of new electric vehicles is becoming increasingly apparent, marine vehicles are developing rapidly, and there is a huge development space in the field of standby power storage. It can be seen that the market position of LiFePO4 will be further improved in the future（ If you want to get more information about goods and master the price of goods, you can subscribe to the business community through the official account of the business community.

From April 19 to 23, 2021, the ex factory price of hydrogenated benzene in North China decreased. The domestic ex factory price was 6550 yuan / ton at the beginning of the week and 7050 yuan / ton at the end of the week, with a weekly rise of 7.63%.

This week (April 19-23), the market price of hydrobenzene in Shandong Province fluctuated slightly, with 6575 yuan / ton at the beginning of the week and 7125 yuan / ton at the end of the week, up 550 yuan / ton.

In April 2021, Sinopec’s pure benzene listing price was raised five times, and now it is 7300 yuan / ton, of which Qilu Petrochemical is 7250 yuan / ton, and this week it is raised twice, with a total of 450 yuan / ton.

This week, with the price of pure benzene rising, the domestic pure benzene station reached 7000 yuan / ton. Sinopec raised the ex factory price of pure benzene twice in a row, while the price of hydrogenated benzene increased significantly. Next week is approaching the 51st holiday, there is a certain stock demand in the downstream, and the downstream unsaturated resin is in the peak season of the industry, and the demand for hydrogenated benzene and pure benzene is stable. Styrene inventory is low, spot circulation is tight, and market price is firm. Multiple positive support, hydrobenzene prices rose significantly.

In the future, the business community believes that there are many favorable factors in the fundamentals at present. In addition, the bidding price of upstream raw material crude benzene has increased sharply this week, which can further support the high price of hydrogenated benzene. However, the current price has increased greatly, and the downstream enterprises have a little resistance. Moreover, the port pure benzene inventory is now stable at about 110000 tons, and the speed of de inventory is slowing down. It is expected that the high price will fluctuate in the future, The rise is weak.

This week, the spot tin market price (4.19-4.23) rose and then fell. The average price of domestic market was 185016.67 yuan / ton at the beginning of the week and 183933.33 yuan / ton at the end of the week, with a weekly decline of 0.59%.

The tin commodity index on April 24 was 93.69, unchanged from yesterday, down 6.64% from the highest point of 100.35 (2021-02-25) in the cycle, and up 118.60% from the lowest point of 42.86 on December 9, 2015（ Note: period refers to the period from September 1, 2011 to now).

In terms of futures, LME tin stocks fell, and the overall supply situation remained tight. Mainly affected by the fall of the US dollar index, the collective rise of non-ferrous metals led to the main behavior in Lunxi early this week. Near the weekend, affected by the new news of India’s public health incident, the collective decline of non-ferrous metals also dragged down the tin market.

The import of tin ore in Ruili area has not recovered yet, and the supply of tin ore is still tight as a whole. Most manufacturers have a strong price support mentality, and are reluctant to sell. The shipment situation is limited, and the transaction is cold. Most of them are long-term single users. The shipping intention of traders is low, and there are more major brands in the market. According to the statistics of China Customs, in March 2021, the import volume of China’s tin concentrate was 21115 tons, equivalent to 4116 tons of metal, with a month on month increase of 106.3% and a year-on-year increase of 36.2%. Among them, Myanmar mine is 18163 tons, equivalent to 2395 tons of metal, with a month on month increase of 163.3% and a year-on-year decrease of 7.8%. In the first quarter, China imported 41650 tons of tin concentrate, up 7.0% year on year.

According to the price monitoring of the business community, in the list of commodity prices in the 16th week of 2021 (4.19-4.23), there were 9 kinds of commodities in the nonferrous metal sector that rose on a month on month basis, including 1 kind of commodity that rose by more than 5%, accounting for 4.5% of the number of commodities monitored in the sector; The top three commodities were magnesium (5.74%), silver (2.06%) and lead (1.89%). There were 12 kinds of commodities that declined month on month, and 2 kinds of commodities with a decline of more than 5%, accounting for 9.1% of the number of commodities monitored in the sector; The top three products were metal neodymium (- 5.94%), antimony (- 5.54%) and neodymium oxide (- 3.46%). This week’s average rise or fall was – 0.81%. Overall, the decline was more than the rise.

In the future, the business news agency believes that although the data shows that tin concentrate imports have improved to a certain extent in March, the closing of Ruili port at the end of March is bound to affect the import situation in the near future, and the tight supply at the ore end will continue. The current supply and demand of tin market is weak, and it is expected that it will continue to fluctuate in the future.

This week, the domestic adipic acid market is mainly stable. After the correction of adipic acid Market in the first ten days, it is mainly stable at present. This week, the price of adipic acid was basically the same as last week, most dealers quoted at a reasonable level, not much higher than last week, and some of them sold at a profit. This week, the adipic acid plant maintained a normal operating rate of about 80-90%, and the inventory pressure of manufacturers increased slightly compared with that at the beginning of this month. In the short term, it is still in the process of destocking, the downstream demand is general, and the dealers’ delivery is generally lower than the level in early April.

Cost side: the price of pure benzene went up this week, and the increase was relatively strong. According to the monitoring of business society, the price of pure benzene increased by 7.6% this week, but the boosting effect on downstream adipic acid is weakened. As the profits of adipic acid manufacturers are still in a reasonable range, the factors influencing the price of adipic acid are more focused on downstream demand, but the weak demand leads to the weak rise and fall of adipic acid.

Demand side: from the perspective of downstream PA66 of adipic acid, according to the monitoring of business society, the market of PA66 continued to decline in April, with a monthly decline of 4.08% as of the 23rd. The weak downstream demand has obvious impact on adipic acid.

In terms of local markets:

The market of adipic acid in East China is stable, and there is generally room for profit. The on-the-spot inquiries are normal, and the high price transactions are mostly on the lookout. At present, there are not many high price goods in the market, the manufacturers have general inventory pressure, and the shipment is normal. Some dealers are reluctant to sell. Today’s market mainstream prices are: Shandong source 10800-11000 yuan / ton acceptance price, Jiangsu source 11000-11200 yuan / ton acceptance price.

At present, adipic acid in South China is mainly stabilized, and most dealers make offers to make profits. Manufacturers are under general inventory pressure and gradually transfer to dealers’ inventory. Today’s market mainstream prices are: 11000-11200 yuan / ton acceptance price of Shandong source, 11200-11400 yuan / ton acceptance price of Jiangsu source, and rigid demand purchase is the main downstream.

In the future, the market supply pressure of adipic acid may rise in the later stage, mainly due to the increase of shipping pressure of enterprises, the slowdown of downstream procurement, and the high price may lead to the accumulation of storage. It is expected that adipic acid will continue to maintain a low market, and the upward momentum is relatively weak.

According to the price monitoring data of business club, as of April 22, the average reference price of domestic n-propanol including packaging in mainstream regions was around 9333 yuan / ton, which was basically the same as that on April 16. Compared with that at the beginning of the month (the average price of n-propanol on April 1 was 11133 yuan / ton), the average price decreased by 1800 yuan / ton, or 16.17%.

In the first ten days of April, the domestic n-propanol market maintained a stable operation. The trading atmosphere on the floor was cold, the downstream demand was indifferent, and the new orders were generally closed. In the middle of April, the n-propanol industry was under heavy pressure for many days, and the inventory accumulated, and the industry was in a low state of mind. On the 12th, the offer prices of n-propanol factories in Shandong and Jiangsu dropped significantly, and on the 16th, the prices of n-propanol factories in Shandong and Jiangsu dropped significantly, The ex factory price of n-propanol bulk water in Shandong Province has dropped to 8300-8800 yuan / ton, and the low-end price is 8100 yuan / ton, which is about 1500 yuan / ton lower than that at the beginning of this month; The factory price of n-propanol bulk water in Jiangsu Province is 8500-9000 yuan / ton, which is 1000 yuan / ton lower than that at the beginning of this month.

Demand boost is not obvious, propyl alcohol fell to maintain weak stable operation

Then this week, the domestic n-propanol market stopped falling and stabilized, maintaining a weak stable finishing operation. At present, the price of domestic n-propanol has basically reached the bottom, and it is unlikely that the market will go down sharply again. This week, some n-propanol manufacturers adjust their prices in a timely range according to their own inventory and downstream inquiry conditions, Individual traders have a small range of fluctuations in the price of n-propanol, and the adjustment has little impact on the overall market trend. The overall market of n-propanol has remained relatively weak and stable this week, and the lower reaches need to purchase more, so the response to low prices is still not very high.

In terms of raw materials, the overall external market of ethylene is on the rise recently. As of the 21st, the European ethylene market, FD northwest Europe quotation 1346-1357 U.S. dollars / ton, CIF northwest Europe quotation 1238-1247 U.S. dollars / ton; In the US ethylene market, FD US Gulf quoted us $1112-1124 per ton, down by US $182 per ton. Recently, the US ethylene market fell, with poor demand; In the Asian ethylene market, the recent Asian ethylene price is mainly stable, with CFR Northeast Asia offering us $1102-1110 / T and CFR Southeast Asia offering us $1047-1055 / T. On the whole, the external market of ethylene has been trading well in the near future, and the market is rising.

The price is basically at the bottom of the valley, the short-term adjustment of n-propanol is limited, and it will continue to be weak and stable

At present, the n-propanol market as a whole is weak and stable after the decline, but the overall turnover of the market is still normal. Although the inventory of the factory has decreased, the operators are still lack of confidence. The operating rate of the downstream factories of the terminal is low, and the sales resistance of the secondary traders is not reduced. At present, the price of n-propanol has basically reached the bottom, and there is little possibility of sinking again, The boost in demand is difficult to support the sharp rebound of n-propanol market. Therefore, the analysts of n-propanol business association believe that the market of n-propanol will maintain stable operation in the short term.