Core conclusion
Biodiesel and EVA prices rise:
In terms of raw material supply, as it has entered the spring sowing season in Ukraine, some planting areas of corn, Zhejiang Sunflower Great Health Limited Liability Company(300111) , soybean in Ukraine are facing the problem of being unable to sow, fertilize and manage. Referring to romanlieschenko, Minister of agriculture of Ukraine, the spring sowing area of the country is estimated to be 7 million hectares this year, a decrease of 50% over the previous year. As one of the world’s most important food exporters, Ukraine is known as the “European granary”. The uncertainty of Russia Ukraine negotiations may affect planting and reduce the global oil supply in the new year. Tight supply at the raw material side is expected to support the rise in biodiesel prices. The prices of fame, RME, SME and PME this week were 1963.3 US dollars / metric ton, 2198.3 US dollars / metric ton, 1993.3 US dollars / metric ton and 1918.3 US dollars / metric ton respectively, up + 3.83%, + 3.90%, + 3.77% and + 3.93% respectively from last week
EVA is quoted at 25500 yuan / ton this week, which is + 4.94% higher than that of last week. The high price of raw material vinyl acetate is strong, and the cost support remains. On the supply side, due to the recent epidemic, the manufacturer’s shipment has a small impact, and the market supply is still low. On the demand side, soft materials and goods are tight to support the high offer, while the demand for hard materials is low and relatively weak, and the downstream photovoltaic demand is temporarily supported. However, under the influence of the epidemic, the market is in a strong wait-and-see mood.
Special recommendation of this week: ion exchange and adsorption resin adsorption method for extracting lithium from Salt Lake, which is a cost-effective choice under high lithium price
Downstream development promotes the growth of lithium demand, and the prospect of lithium extraction from salt lakes is broad. With the rapid development of new energy vehicles, electronic devices and energy storage technology, the application of lithium in the field of new energy materials has attracted great attention. According to the China Geological Survey, China’s lithium resources are mainly concentrated in salt lakes in Qinghai and Tibet, accounting for more than 80%. Mature technology expands the cost advantage of lithium extraction from salt lakes. At the initial stage of lithium extraction development in Salt Lake, due to immature technology, the cost was as high as 60 Faw Jiefang Group Co.Ltd(000800) 00 yuan / ton LCE, which exceeded the cost of lithium extraction in some mines. Therefore, only a small number of enterprises produced until 2015. After 2015, the technology of extracting lithium from Salt Lake is gradually mature, and the average cost of the industry is gradually reduced to 35000 yuan / ton LCE. In contrast, the method of extracting lithium from ore. due to the sharp increase in the cost driven by the rise in the price of lithium ore, the cost advantage of extracting lithium from Salt Lake under high lithium price is more obvious. At present, Lanke, Qinghai lithium industry, Minmetals and zanghe lake lithium extraction production lines have been completed and put into operation successively from 2017 to 2020. With the addition of jinar and Dachaidan Salt Lake, the lithium carbonate capacity of salt lakes in Qinghai has reached more than 100000 t / a LCE. Large scale projects in Tibet are still under construction, compared with the estimated global demand of 864000 tons of lithium carbonate for new energy vehicles in 2025, The capacity of 90000 tons still has great room for expansion.
It is suggested to pay attention to: Sunresin New Materials Co.Ltd Xi’An(300487) ( Sunresin New Materials Co.Ltd Xi’An(300487) . SZ), Qinghai Salt Lake Industry Co.Ltd(000792) ( Qinghai Salt Lake Industry Co.Ltd(000792) . SZ).
Risk warning: the implementation of relevant policies is not as expected.
