New military materials: Electrolytic Cobalt prices pick up. (1) The price of electrolytic cobalt this week was 500000 yuan / ton, a month on month increase of + 1.2%. The ratio of electrolytic cobalt to cobalt powder is 0.84, with a ring ratio of + 0.4%; The price ratio of electrolytic cobalt and cobalt sulfate was 4.85, with a ring ratio of + 0.2%. 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 186.8 yuan / kg, a month on month increase of + 0%. The gross profit is 60.65 yuan / kg, a month on month increase of + 8.6%. Both 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 energy vehicles and new materials: in June this year, the contract price of electric carbon has reached 400000 yuan / ton. (1) This week, the CIF price of li2o5% lithium concentrate in China has reached US $2545 / ton, an increase of 1.6% month on month. (2) This week, the prices of electric carbon, industrial carbon and battery grade lithium hydroxide were 284300 yuan / ton, 267800 yuan / ton and 231400 yuan / ton respectively, with a month on month ratio of + 5.3%, + 6.81% and + 7.0%. This week, the price of lc2206 in Changzhou Zoomlion battery grade lithium carbonate contract has risen to 400000 yuan / ton, which is 116000 yuan / ton higher than the current price of electric carbon. This week, the output of lithium carbonate was 3633 tons, falling for three consecutive weeks, mainly due to the maintenance of smelters in mainstream Sichuan and Jiangxi, and the holding of Beijing Winter Olympic Games had a slight impact on Hebei, Shandong and other places. (3) The price of cobalt sulfate this week was 105000 yuan / ton, a month on month increase of + 1.9%. (4) This week, the prices of lithium iron phosphate, 523 and 811 cathode materials were 11400 yuan / ton, 2585 yuan / ton and 287500 yuan / ton respectively, with a month on month ratio of + 10.68%, + 5.9% and + 1.8%. The sharp rise in the price of lithium iron phosphate is mainly due to the rise in the prices of raw materials lithium carbonate, phosphoric acid and iron phosphate. (5) This week, the price of praseodymium and neodymium oxide was 885000 yuan / ton, a month on month increase of + 4.4%.
New photovoltaic materials: polysilicon prices rose slightly. (1) This week, the price of photovoltaic grade polysilicon was US $29.87/kg, a month on month increase of + 2.4%, and the price is still at a high level in recent 6 years. (2) EVA price this week was 17800 yuan / ton, up + 0% month on month, maintaining a high position since 2013. (3) This week, the coating price of 3.2mm photovoltaic glass was 25 yuan / m2, with a month on month ratio of – 3.9%.
New nuclear power materials: prices were flat month on week. (1) This week, the prices of zirconium oxychloride, sponge zirconium, hafnium oxide, zirconium silicate and zircon sand were 23000 yuan / ton, 235 yuan / kg, 4500 yuan / kg, 18613 yuan / ton and 16650 yuan / ton respectively, with a month on month ratio of + 0%, + 0%, + 0%, + 0% and + 0.0%.
New materials for consumer electronics: the price of cobalt products rose slightly. (1) On Thursday, the price of cobalt trioxide was 398500 yuan / ton, a month on month increase of + 1.3%. The price of lithium cobaltate this week was 438 yuan / kg, a month on month increase of + 2.3%. (2) The price of silicon carbide this week is 8400 yuan / ton, a month on month increase of + 0%; This week, the prices of high-purity gallium, crude indium and refined indium were 2525, 1525 and 1625 yuan / kg respectively, with a chain comparison of + 0%, + 0% and + 0% respectively; On Tuesday, the price of germanium oxide was 6600 yuan / kg, a month on month increase of + 0%.
Other materials: rhodium prices rose 20.5%. (1) This week, the prices of 99.95% platinum, rhodium and iridium were 211, 4051 and 953 yuan / g respectively, with a month on month ratio of + 0.5%, + 20.5% and + 0%. The sharp rise in rhodium prices is mainly due to the risk aversion under the influence of the epidemic, which has pushed up the price of precious metals to a certain extent. As the most expensive precious metal and rare minerals, rhodium has become a good choice under risk aversion.
It is suggested to pay attention to the target: continue to be fully optimistic about the new metal material plate. The high price of lithium concentrate is still good for enterprises with high self-sufficiency rate of lithium resources. It is recommended 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 independently 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. Risk of overvaluation; Risk of technology path change; Risks such as radical enterprise operation, deviation of strategy, governance failure, macro policy and liquidity adjustment.
