Zheng Quan Shi Bao Wang·2025-11-07 04:49Core Viewpoint - The prices of electrolyte and lithium hexafluorophosphate have rebounded since August, indicating a recovery in industry prosperity, with significant impacts on related companies and market dynamics [3][6]. Group 1: Price Trends - Since August, the price of electrolyte (ternary cylindrical) has increased by 19.08%, reaching 20,600 CNY/ton as of November 7 [3]. - The price of lithium hexafluorophosphate has surged by 141.38%, from 49,300 CNY/ton in July to 119,000 CNY/ton in November [3]. - The rising prices of lithium hexafluorophosphate, a key raw material for electrolytes, have significantly contributed to the increase in electrolyte prices [3]. Group 2: Company Orders and Performance - Tianqi Materials signed contracts for nearly 1.6 million tons of electrolyte products for the years 2026-2028, with major clients including Guoxuan High-Tech and Zhongchuang Innovation [2]. - The total amount of electrolyte product orders signed by Tianqi Materials this year has reached 294,500 tons, indicating strong demand and a solid order book [2]. - The company expects these agreements to positively impact its operating performance from 2026 to 2028, enhancing its market share and profitability [2]. Group 3: Market Dynamics and Demand - The demand for electrolytes is being driven by the robust growth in the electric vehicle (EV) market, with 11.196 million EVs sold in China from January to September 2025, a year-on-year increase of 34.55% [6]. - The cumulative installed capacity of power batteries reached 494.10 GWh during the same period, reflecting a 42.52% year-on-year increase [6]. - The current price increases for electrolytes and lithium hexafluorophosphate are attributed to supply constraints from loss-making producers and the high demand from energy storage and power battery sectors [6]. Group 4: Stock Market Reactions - Following the news of rising prices, A-share electrolyte concept stocks saw significant gains, with companies like Jiangsu Guotai and Tianqi Materials experiencing notable increases in stock prices [4]. - Over 30 billion CNY of net capital inflow was observed in the electrolyte sector, indicating strong investor interest [4]. - A report indicated that 90% of companies in the electrolyte industry chain reported positive earnings in their third-quarter reports, with significant profit growth from companies like Duofuduo, which saw a 407.74% increase in net profit [7].