Market review this week (may 16-may 20)
The new materials index rose 6.03%, outperforming the gem index. OLED material index rose by 2.37%, semiconductor material index rose by 4.79%, membrane material index rose by 6.16%, additive index fell by 0%, carbon fiber index fell by 0.56%, and exhaust gas treatment index rose by 2.41%. The top five increases are Levima Advanced Materials Corporation(003022) , Do-Fluoride New Materials Co.Ltd(002407) , Shanghai Pret Composites Co.Ltd(002324) , Shanghai Hiuv New Materials Co.Ltd(688680) , Xinlun New Materials Co.Ltd(002341) ; The top five declines were Chengzhi Co.Ltd(000990) , Sinofibers Technology Co.Ltd(300777) , Cocreation Grass Co Ltd(605099) , Anhui Jinhe Industrial Co.Ltd(002597) , Zhejiang Nhu Company Ltd(002001) .
Observation of new materials week: the demand of hydrometallurgy is accelerated, and the growth space of adsorption and separation materials is broad
Adsorption separation resin is a kind of functional polymer material. It can realize the separation and purification of substances such as concentration, separation, refining, purification, purification and decolorization through its precise selectivity and exchange, adsorption and other functions. Adsorption and separation materials are widely used in many industries, such as hydrometallurgy, life science, water treatment, ultra pure water, food processing, energy conservation and environmental protection, chemical industry and catalysis. In the field of hydrometallurgy, resin materials can adsorb and enrich metal ions from dilute solution, and have different selectivity for mixed metal ions. Therefore, it is especially suitable for extracting and separating metals from low-grade minerals, tailings leaching solution or slurry. At the same time, it plays an important role in separating metals with similar performance. With the continuous release of downstream demand represented by new energy vehicles, the contradiction between supply and demand of lithium resources is prominent, which has become a global strategic metal. However, at this stage, China’s lithium raw materials are heavily dependent on imports from Western Australia. The uncertainty of the current relationship between China and Australia further makes the stability of China’s lithium resource supply insufficient. Meanwhile, according to the statistics of the U.S. Geological Survey, China’s lithium resource reserves in 2020 are about 5.2 million tons of metal equivalent, of which the lithium reserves in salt lakes account for about 85% (Qinghai and Tibet salt lakes account for 62% and 23% respectively). In this context, it is urgent to ensure the supply of lithium resources in China, and it is imperative to extract lithium from salt lakes. In May 2021, the plan and action plan for building a world-class Salt Lake industrial base was officially reviewed and approved. With the introduction of relevant supporting policies, China’s salt lake lithium extraction industry is expected to usher in the development spring, and the demand for supporting adsorption and separation materials is expected to accelerate. The main beneficiaries include Sunresin New Materials Co.Ltd Xi’An(300487) , Zhejiang Zhengguang Industrial Co.Ltd(301092) , etc.
Important company announcements and industry information
[ Red Avenue New Materials Group Co.Ltd(603650) ] equity acquisition: Tongcheng electronics, a wholly-owned subsidiary of the company, plans to acquire 33.01% equity of Beixu electronics from zhengfanghua for 197 million yuan. After the transaction is completed, it will hold 81.14% equity of Beixu electronics, which will be included in the scope of the company’s consolidated statements.
[ Zhejiang Nhu Company Ltd(002001) ] increase in shareholding: the company’s controlling shareholder Zhejiang Nhu Company Ltd(002001) holding group holds 1.252 billion shares of the company, accounting for 48.55% of the total share capital. It is proposed to increase the shareholding by 300 million to 600 million yuan through centralized bidding, block trading and other means.
Beneficial object
We are optimistic about the broad market of functional membrane materials under the background of industrial transfer, the breakthrough of domestic substitution of high-end electronic materials from 0 to 1, and the new opportunities of new materials in the wave of new energy. Beneficiary targets include: Haohua Chemical Science & Technology Corp.Ltd(600378) , Red Avenue New Materials Group Co.Ltd(603650) , Sichuan Em Technology Co.Ltd(601208) , Ningbo Solartron Technology Co.Ltd(688299) , Zhejiang Jiemei Electronic And Technology Co.Ltd(002859) , Sunresin New Materials Co.Ltd Xi’An(300487) , Hunan Sokan New Materials Co.Ltd(688157) , etc.
Risk tip: technological breakthrough is less than expected, industry competition intensifies, raw material price fluctuations, etc.
