New military materials: the price of electrolytic cobalt increased slightly. (1) The price of electrolytic cobalt this week was 567000 yuan / ton, a month on month increase of + 1.3%. The ratio of electrolytic cobalt to cobalt powder is 0.88, with a ring ratio of + 1.2%; The price ratio of electrolytic cobalt and cobalt sulfate was 4.73, with a ring ratio of + 1.3%. These two ratios show that the performance of military industry is stronger than that of manufacturing and new energy vehicles this week. (2) The price of carbon fiber this week was 186.3 yuan / kg, a month on month increase of – 0.27%. The gross profit is 57.27 yuan / kg, with a month on month ratio of – 0.4%. The price and gross profit are at a high level in the past 20 years. (3) The prices of titanium, rhenium and beryllium were the same as last week.
New materials for new energy vehicles: the contract price discount of electric carbon in June was nearly 50000 yuan / ton. (1) This week, the CIF price of li2o5% lithium concentrate in China has reached US $2775 / ton, a month on month increase of + 1.5%. (2) This week, the prices of electric carbon, industrial carbon and battery grade lithium hydroxide were 509400 yuan / ton, 488300 yuan / ton and 484800 yuan / ton respectively, with a month on month ratio of + 0.9%, + 2.04% and + 3.0%. Wind shows that the contract price of electric carbon lc2206 is 460000 yuan / ton this week, with a month on month ratio of – 6.8%, and the discount has been nearly 50000 yuan / ton. This week, the output of lithium carbonate was 4179 tons, up 2.5% month on month. As the subsequent temperature gradually warms up, the supply at the end of the salt lake will be further released, and the price of lithium salt will be at a high level in the second quarter. (3) This week, the price of cobalt sulfate was 118000 yuan / ton, a month on month increase of + 0%. (4) This week, the prices of lithium iron phosphate, 523 and 811 cathode materials were 16800 yuan / ton, 371000 yuan / ton and 354500 yuan / ton respectively, with a month on month ratio of + 0%, + 0% and + 0%. (5) This week, the price of praseodymium and neodymium oxide was 1.02 million yuan / ton, with a month on month ratio of – 3.3%, which has fallen for two consecutive weeks. On March 3, the rare earth office of the Ministry of industry and information technology interviewed key enterprises and asked them not to participate in market speculation and hoarding goods, so as to guide product prices to return to rationality China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) 3 month listing price praseodymium neodymium oxide 816000 yuan / ton; Metal praseodymium and neodymium was 994500 yuan / ton, unchanged month on month in February.
New photovoltaic materials: EVA prices rose slightly. (1) This week, the price of photovoltaic grade polysilicon was $32.94/kg, with a month on month ratio of – 0.4%. The price is still at a high level in recent six years. (2) The price of EVA this week was 22000 yuan / ton, a month on month increase of + 2.3%, maintaining a high position since 2013. (3) This week, the coating price of 3.2mm photovoltaic glass was 26 yuan / m2, a month on month increase of + 0%.
New nuclear power materials: unchanged month on month (MOM) last week. (1) This week, the prices of zirconium oxychloride, sponge zirconium, hafnium oxide, zirconium silicate and zircon sand were 24500 yuan / ton, 235 yuan / kg, 4500 yuan / kg, 20875 yuan / ton and 200625 yuan / ton respectively, with a month on month ratio of + 0%, + 0%, + 0%, + 0%, + 0%.
New consumer electronics materials: lithium cobaltate prices picked up slightly. (1) On Thursday, the price of cobalt trioxide was 437500 yuan / ton, a month on month increase of + 0%. This week, the price of lithium cobaltate was 600.0 yuan / kg, a month on month increase of + 1.0%, mainly due to the high price of raw material cobalt lithium. (2) The price of silicon carbide this week is 9500 yuan / ton, a month on month increase of + 0%; This week, the prices of high-purity gallium, crude indium and refined indium were 2625, 1375 and 1525 yuan / kg respectively, with a chain comparison of + 0%, + 0% and + 0% respectively; On Tuesday, the price of germanium oxide was 6750 yuan / kg, a month on month increase of + 0%.
Other materials: platinum, rhodium and iridium prices rose and fell. (1) This week, the prices of 99.95% platinum, rhodium and iridium were 223, 4310.5 and 1255 yuan / g respectively, with a month on month ratio of – 3.0%, – 8.6% and + 8.7%.
It is suggested to pay attention to the target: continue to be optimistic about the new metal materials sector in an all-round way. The high price of lithium concentrate is still good for enterprises with high self-sufficiency rate of lithium resources. It is suggested to pay attention to Tianqi Lithium Corporation(002466) , Youngy Co.Ltd(002192) , Ganfeng Lithium Co.Ltd(002460) ; The construction of a world-class Salt Lake industrial base in Qinghai has been mentioned again. China’s independent and controllable salt lake resources are of great strategic significance. It is suggested to pay attention to Qinghai Salt Lake Industry Co.Ltd(000792) , Keda Industrial Group Co.Ltd(600499) , Sunresin New Materials Co.Ltd Xi’An(300487) .
Risk warning: over valuation risk; Risk of technology path change; Risks such as radical enterprise operation, deviation of strategy, governance failure, macro policy and liquidity adjustment.
