Price rise of trichlorosilane and recycled PET sheet:
The price of trichlorosilane in Shandong this week was 17500 yuan / ton, up + 20.7% from last week. Benefiting from the demand driven by the new production capacity of downstream polysilicon enterprises Baoshan and Daquan and the upward support of raw material silica and liquid chlorine prices, the price of trichlorosilane rose sharply this week. According to the data of Baichuan, the photovoltaic grade trichlorosilane has reached 25000 / ton. The price of recycled transparent PET sheet in Asia this week was US $890 / ton, up (+ 6.0%) from last week. Due to the continuous overweight of the EU plastic restriction order, the proportion of recycled PET added in plastic products has increased, and the global supply and demand gap of recycled PET has expanded. Although many enterprises around the world have overweight and laid out RPET production lines, it is still difficult to alleviate the imbalance between supply and demand in the short term.
Special recommendation of this week: carbon fiber – black gold era, the rise of domestic products
Take advantage of wind power to develop opportunities. Carbon fiber “depends on wind power for medium-term development and hydrogen storage for long-term development”. From the medium-term dimension of 5-10 years, the global demand for carbon fiber has increased steadily. In 2020, the demand for carbon fiber will be 107000 tons, which is expected to exceed 220000 tons in 2025, and the CAGR will reach more than 15% in five years. Among them, the consumption of wind power blades is expected to increase from 30000 tons to 106000 tons. At the same time, China’s carbon fiber industry has now entered a catch-up period. The demand for carbon fiber will be 49000 tons in 2020 and is expected to reach 150000 tons by 2025. The proportion of global demand is expected to further increase from 46% to 75%, Among them, the demand for wind power blades is expected to increase from 20000 tons to more than 56000 tons (for detailed calculation, please refer to our previously released deep carbon fiber industry report). In the future, with the further improvement of the localization rate of China’s carbon fiber products and the supply capacity of the industrial chain, there will be great opportunities for transformation and development in relevant industries.
It is suggested to pay attention to: Jilin Chemical Fibre Co.Ltd(000420) ( Jilin Chemical Fibre Co.Ltd(000420) . SZ), Zhejiang Jinggong Science & Technology Co.Ltd(002006) ( Zhejiang Jinggong Science & Technology Co.Ltd(002006) . SZ), Zhongfu Shenying (not yet listed). For details, please refer to our team’s latest carbon fiber industry report.
Yunnan Yuntianhua Co.Ltd(600096) united with Yuxi Municipal government, Eve Energy Co.Ltd(300014) , Yunnan Energy New Material Co.Ltd(002812) , Zhejiang Huayou Cobalt Co.Ltd(603799) to enter clay lithium ore and lithium battery materials, and the upstream and downstream are deeply United or the development trend of lithium battery materials industry. On February 16, Yunnan Yuntianhua Co.Ltd(600096) announced the establishment of two joint ventures with Yuxi Municipal People’s government, Yunnan Energy New Material Co.Ltd(002812) , Eve Energy Co.Ltd(300014) , Zhejiang Huayou Cobalt Co.Ltd(603799) in Yuxi City. The specific cooperation includes: 1) jointly developing clay lithium ore; 2) investing a total of about 51.7 billion to build battery supporting projects such as new energy battery, lithium battery isolation membrane, iron phosphate, lithium iron phosphate and copper foil projects, respectively in 2023 It will be completed before 2025 and 2030. This cooperation combines phosphate rock, lithium battery, diaphragm and cathode enterprises. The entry of upstream and downstream roles will provide strong resource support and technical support for the implementation of the project, which is expected to become the long-term development trend of lithium battery industry.
Risk warning: the implementation of relevant policies is not as expected.
