Photovoltaic materials and carbon fiber sectors rose last week, while semiconductor materials and magnetic materials rebounded significantly
Photovoltaic materials and carbon fiber sectors rose last week, with weekly increases of 5.92% and 3.31% respectively, Outperformed the benchmark (CSI 300) by 2.78pct and 0.17pct respectively. The lithium battery material plate made a slight correction, with a weekly decrease of 0.41% and a loss of 3.56pct. The semiconductor material and magnetic material plate made a large correction, with a weekly decrease of 3.75% and 3%, respectively, and a loss of 6.89pct and 6.15pct respectively. The panel material plate made a weekly decrease of 2.73% and a loss of 5.87pct respectively.
Most of the rare earth raw material ends in the upstream of magnetic materials fell slightly, the price of cobalt rose sharply, the price of ferroboron was flat, and the price of sintered NdFeB magnetic materials remained stable
Last week, the price of praseodymium neodymium oxide in Shanghai was 852500 yuan / ton, down 0.58% on a weekly basis; The prices of dysprosium iron and dysprosium oxide were 2910 yuan / kg and 2920 yuan / kg respectively, and the weekly ring ratio decreased by 0.68% and 0.34% respectively; The prices of metal terbium and terbium oxide in Shanghai were 15150 yuan / kg and 11150 yuan / kg respectively, and the change of weekly ring ratio was flat and + 0.45% respectively. The price of LME3 three-month cobalt futures was USD 69815 / ton, up 4.12% week on week; The spot price of nonferrous cobalt in the Yangtze River was 482000 yuan / ton, up 5.47% week on week. In terms of ferroboron price, 17% ferroboron price was 27500 yuan / ton, unchanged on a week-on-week basis. The price of 99.99% gallium was 2275 yuan / kg, unchanged on a week-on-week basis. As of last December, the average price of sintered NdFeB with low, medium and high intrinsic coercivity was 227.5 yuan / kg, 262.1 yuan / kg and 285 yuan / kg respectively, which was flat compared with the average price in November.
The price of electrolytic cobalt at the raw material end of lithium battery increased greatly, the price of cobalt sulfate increased, but the high price of nickel and manganese sulfate remained the same, and the price of lithium carbonate continued to reach a new high; The high level of ternary precursor is stable, and the price of ternary cathode material rises slightly; LFP precursor iron orthophosphate was stable, and the price of LFP cathode material rose to a new high. Lithium hexafluorophosphate remained stable at a high level, DMC prices fluctuated sharply, and electrolyte prices remained stable at a high level. Negative material, diaphragm and copper foil prices were flat on a week-on-week basis
Cathode material: last Wednesday, the price of front-end battery grade electrolytic cobalt was 475500 yuan / ton, up 5.08% on a weekly basis. The price of cobalt sulfate was 101000 yuan / ton, up 2.02% on a weekly basis; The prices of nickel and manganese sulfate were 36500 yuan / ton and 9800 yuan / ton respectively, which were flat on a weekly basis. The price of battery grade lithium carbonate was 220000 yuan / ton, up 4.76% on a weekly basis. The prices of ternary precursors ncm111, ncm523 and ncm622 were 144500 yuan / ton, 133000 yuan / ton and 140000 yuan / ton respectively, which were flat on a weekly basis. The prices of ternary cathode materials ncm111, ncm523 and ncm622 were 253500 yuan / ton, 235500 yuan / ton and 246000 yuan / ton respectively, and the change of week to month ratio was + 1%, + 0.86% and flat respectively. The price of iron orthophosphate at the front end of LFP was 22000 yuan / ton, unchanged on a week-on-week basis. The price of lithium iron phosphate cathode material was 90000 yuan / ton, up 2.27% on a weekly basis.
Electrolyte: last Saturday, the price of lithium fluorophosphate was 565000 yuan / ton, unchanged on a week-on-week basis. The average ex factory price of DMC Chinese manufacturers is 9400 yuan / ton, with a sharp decrease of 12.96% on a weekly basis, and the price fluctuates greatly in the near future. The prices of lithium iron phosphate electrolyte, lithium manganate electrolyte and ternary cylindrical 2.2ah electrolyte were 110300 yuan / ton, 85800 yuan / ton and 112800 yuan / ton respectively, which were flat on a weekly basis.
Negative electrode material: the prices of domestic middle-end artificial and natural graphite were 48500 yuan / ton and 38500 yuan / ton respectively, which were flat on a weekly basis.
Diaphragm: last week, the price of mainstream wet diaphragm products in China was 1.23-2.9 yuan / m2, unchanged month on month; The price of mainstream dry process diaphragm products in China was 0.93-1 yuan / m2, unchanged month on month; The prices of mainstream products of wet coated diaphragms in China were 2.1-3.4 yuan / m2, unchanged month on month. Battery grade copper foil: the price was 107 yuan / kg last week, unchanged on a week-on-week basis.
Downstream DRAM prices of semiconductor materials continued to fall, and flash memory prices fell
Last week, the semiconductor industry indexes in Taiwan and Philadelphia changed by – 0.94% and + 2.89% on a week-on-week basis respectively; Dix index rose 1.17% mom. In DRAM, the price of downstream ddr34gb (1600MHZ) fell by 1.55% on a weekly basis. The price of nandflash 64GB and 32GB changed by – 0.52% and – 0.24% on a weekly basis, respectively.
Investment advice
It is suggested to continue to pay attention to the opportunities of rare earth permanent magnet plate that is expected to be significantly increased by policy driven demand growth, the pull of demand for carbon carbon matrix composites industry under the long-term growth prospect of photovoltaic installation, the increase of market capacity brought by the demand for lithium battery materials under the long-term growth prospect of electric vehicles, and the long-term trend of localization of integrated circuits, Localization progress and opportunities of semiconductor materials.
Risk statement
Price decline risk, prosperity change risk, policy change risk.
