According to the data monitored by the business community, as of March 3, the average price of domestic power grade lithium iron phosphate was 43000.00 yuan / ton. 2021 is a year that lithium iron phosphate is expected to counter attack. Just entering January, the average market price of lithium iron phosphate was 37000 yuan / ton. In February, the average market price rose to 41000 yuan / ton. Compared with the same period in January, the price rose by 10.81%. Entering March, the price rise momentum is still not strong The price soared to 43000 yuan / ton, up 16.22% to 6000 yuan / ton compared with the same period in January. With its safety and low-cost characteristics, lithium iron phosphate is becoming more competitive in the market. Lithium iron phosphate battery will rise, and the industry pattern is changing.
LiFePO4 battery is on fire
With the continuous high heat of new energy vehicles, LiFePO4 battery has been popular from home to abroad and is favored by more and more automobile manufacturers. The cost of LiFePO4 is about 0.08 yuan / wh, which can save 0.15 yuan / wh compared with ternary cathode materials, According to statistics, the shipment volume of LiFePO4 cathode materials in China will be 124000 tons in 2020, with a year-on-year growth of 41%. The increase of energy storage market exceeds the expectation. After years of development, LiFePO4 has been lukewarm and the overall market capacity is oversupplied. Until 2020, the power battery ranking will change dramatically, and LiFePO4 will successfully counter attack Elon Musk said that out of concern about the long-term availability of nickel supply, the company will consider supporting lithium iron phosphate (LFP) batteries in more electric vehicles. Since the beginning of this year, nickel prices have shown an upward trend. At present, the demand for power vehicle batteries is increasing, which has a certain role in pushing up the nickel price. Tesla (Shanghai) factory standard model 3 has all been switched to lithium iron phosphate batteries. Musk’s statement this time will also make great significance for the promotion and application of lithium iron phosphate batteries in the global market. Industry insiders infer that lithium iron phosphate batteries may become the main substitute of nickel cadmium batteries in the next five years, and will become a strong competitor of lead-acid batteries in the next 10 years In the next 20 years, it may replace the lead-acid battery as the main starting power supply, UPS power supply and backup power supply, and become the leader of the secondary battery. The cost of LiFePO4 is relatively low. LiFePO4 can be made from waste acid, ferrous sulfate and titanium dioxide after further processing. It has stable structure, long cycle life of charge and discharge, prominent safety advantages and relative competitive advantages in terms of comprehensive indicators.
Product specifications and quotation (ten thousand yuan / ton) date
Lithium iron phosphate ﹣ power ﹣ 4.3-4.6 ﹣ March 3
Lithium iron phosphate ﹣ energy storage ﹣ 3.8-4.1 ﹣ March 3
Lithium carbonate industrial grade 7.8-8.1 March 3
Lithium carbonate battery grade 8.1-8.4 March 3
LiMn2O4 ﹣ power ﹣ 3.85-4.1 ﹣ March 3
Lithium manganate ﹣ capacity type ﹣ 2.8-3.4 ﹣ March 3
Licoo3 ﹣ 33.3-35.6 ﹣ March 3
Titanium dioxide enterprises switch to new energy for a share
Lithium iron phosphate “fire”, and more titanium dioxide leading enterprises cross-border entry, construction of lithium iron phosphate production line, switch to new energy, want to share, lithium iron phosphate production technology threshold is not high, the most important thing is to control the cost, the production of lithium iron phosphate the biggest cost is lithium products, lithium products need to be purchased, the price is uncertain according to market changes, and iron phosphate production needs to be improved The required iron element can be directly obtained from ferrous sulfate produced from titanium dioxide, and it does not need to be purchased again, which saves part of the cost. CNNC titanium white said that lithium iron phosphate, as one of the cathode materials, has comparative advantages over ternary materials in terms of safety, cycle life, production cost and other comprehensive indicators. Since its commercialization, it has been applied to automobile, ship and energy storage industry It has become the most potential cathode material at present. The person in charge of anada said that although the production path is not exactly the same as that of CNNC titanium dioxide and other peer enterprises, the company also uses part of the waste in the manufacturing process of iron phosphate, which can realize “turning waste into treasure”, which is the main reason why titanium dioxide manufacturers concentrate on entering the lithium iron phosphate Market. At present, the market demand for lithium iron phosphate has increased significantly, and the lithium iron phosphate manufacturers also continue to add investment To expand production capacity, the market share of new energy industry is increasing, and the production capacity of lithium iron phosphate is also increasing, which is expected to drive the development of China’s lithium iron phosphate Market to the global market. In the short term, the supply of lithium iron phosphate is still in short supply, orders are saturated, and the market is too hot. As a result, some lithium iron phosphate enterprises have to stop taking orders to alleviate the shortage of production capacity, 2021 According to the statistics, the output of LiFePO4 reached 20630 tons in January, compared with 4660 tons in the same period of last year, with a year-on-year growth of 342.7%. Compared with ternary battery, LiFePO4 has the advantages of higher security and lower cost. Enterprises have increased LiFePO4 and become the mainstream product in the new era. In March, the supply of LiFePO4 is in short supply, and the relationship between supply and demand is further tense.
Market share of LiFePO4 is expected to further increase
Compared with ternary battery, LiFePO4 battery has the advantages of higher safety and lower cost, which is favored by more automobile manufacturers. According to the data of China Automobile Association, the production and sales volume of new energy vehicles in January has been increasing continuously, ranking the first for seven consecutive months. The sales volume of pure electric vehicles is the fastest, with a year-on-year growth rate of 415.5% and 319.8%, reaching 158000 and 143000 respectively Tesla Model 3, BYD Han, and Wuling Hongguang Mini EV all use lithium iron phosphate batteries. In October 2020, Tesla will replace lithium iron phosphate batteries, reducing the starting price of model 3 standard life upgrade from 271000 yuan to 249000 yuan. According to the data of China Railway Passenger Association, in November 2020, Tesla Model 3 will be sold at a price of 1 In March, the sales volume reached 21600 vehicles, with a month on month increase of nearly 10000 vehicles. The overall sales volume increased significantly, and the production and sales continued to be vigorous. With the continuous maturity of R & D technology of power battery enterprises, the promotion and application of CTP technology of Ningde times and blade battery technology of BYD can reduce the cost and improve the energy density of battery system, so that lithium iron phosphate battery has both high safety and low cost The market competitiveness of the company has been enhanced. At the same time, the domestic new energy vehicle market competition is becoming increasingly fierce, LiFePO4 has a price advantage compared with ternary materials, prompting car manufacturers to use more LiFePO4 batteries to reduce production costs and seize market share. With the intensified competition in the industry and the accelerated expansion of leading enterprises, the market share of LiFePO4 battery is expected to increase again.
The output of LiFePO4 reached a new high and still could not meet the downstream demand
In February, the leading enterprises of lithium iron phosphate expanded their production on a large scale, and the demand for lithium iron phosphate increased greatly. The inventory was in a hurry, which could not be made up by inventory. More and more chemical enterprises entered the market of lithium iron phosphate, which proved the certainty of lithium iron phosphate (LFP) in the next few years. In recent months, the capacity of LFP has been low, the supply exceeds the demand, and the shipment volume is greater than the production Quantity, leading enterprises, berterry, German side and Wanrun all have the phenomenon of inventory reduction. The monthly demand of Ningde times and BYD exceeds 40000 tons, which directly affects the continuous shortage of lithium iron phosphate. From the aspect of plant expansion of lithium iron phosphate enterprises, the fastest time is to wait until the second quarter, and large-scale production may be in the end of the year or early next year, with no shortage in the short term The relative shortage of LiFePO4 can be alleviated by this method.
China’s lithium industry chain layout in Europe has become an inevitable trend. The demand for LiFePO4 batteries and upstream materials has increased. As the main raw material for LiFePO4 production, lithium carbonate has shown a broad rising trend in recent months, soaring all the way. At present, the price of industrial grade lithium carbonate is 78000-85000 yuan / ton, and the price of battery grade lithium carbonate is 85000-80000 yuan / ton. On March 2, the lithium carbonate commodity index was 205.35, up 7.64 points from yesterday, down 49.31% from 405.10 points (2018-01-07), the highest point in the cycle, and up 108.39% from 98.54 points, the lowest point on October 16, 2014. (Note: period refers to the period from September 1, 2011 to now)
According to LiFePO4 analysts of business news agency, due to the tight supply and demand of LiFePO4 in February, strong downstream demand and urgent production capacity of manufacturers, some leading enterprises have stopped taking orders. It is expected that the overall trend of LiFePO4 will rise in March, and the supply of LiFePO4 will not meet the demand. The new production capacity of large-scale model may be put into operation until the end of this year or the beginning of next year, which will lead to the decline of LiFePO4 throughout the year In the field of energy storage batteries, the state is paying more and more attention to environmental protection, and the pressure of environmental protection is becoming increasingly severe. It is the general trend that relatively environmentally friendly lithium-ion batteries are widely used. 2021 will usher in a year when the demand for lithium iron phosphate rises sharply, which has broad market prospects. (to get more information about goods and to grasp the price of commodities, welcome to subscribe to the business community through the official account of the business community, the market is the opportunity).
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