鑫椤锂电一周观察 | 狂飙的添加剂VC

Industry News - The Ministry of Industry and Information Technology has set the new energy vehicle credit ratio requirements for 2026 and 2027 at 48% and 58% respectively, with specific relaxations for small-scale manufacturers [1] - Tianmu Xiandao plans to invest 5 billion yuan to build a silicon-carbon anode material production base in Ordos, with an expected annual output value of 10 billion yuan upon completion [2] - Shangtai Technology reported a 23.01% year-on-year increase in net profit for the first three quarters of 2025, and plans to invest approximately 4.07 billion yuan to build a new anode material project [3] Lithium Carbonate Market - The domestic lithium carbonate market remains strong, with futures prices reaching 88,000 yuan per ton, and expectations of approaching 90,000 yuan per ton in the short term due to stable production and good demand [5] - As of November 13, the price range for battery-grade lithium carbonate is 80,500-82,500 yuan per ton, while industrial-grade is 79,000-80,000 yuan per ton [6] Three-element Materials Market - The three-element materials market shows stable demand, with slight price increases due to rising lithium salt prices [6][7] - As of November 13, the price for single crystal 5 series three-element materials is 154,000-158,000 yuan per ton, and for 8 series 811 type is 162,000-167,000 yuan per ton [7] Phosphate Lithium Market - The demand for phosphate lithium remains strong, with leading companies operating at full capacity, and expectations for price increases in the coming year [7][8] - As of November 13, the price for phosphate lithium power type is 34,500-36,000 yuan per ton, and for energy storage type is 33,600-34,300 yuan per ton [8] Anode Materials Market - The domestic anode materials market maintains high operating rates, with some leading companies raising prices by 10% due to strong demand and raw material prices remaining firm [9][10] - As of November 13, the price for high-end natural graphite anode materials is 50,000-65,000 yuan per ton, while for artificial graphite it ranges from 31,800 to 64,800 yuan per ton [10] Separator Market - The separator market remains stable, with a consensus among companies to delay expansion plans, leading to expectations of tight supply in the coming year [11] - As of November 13, the price for 9μm wet separator is 0.55-0.975 yuan per square meter, and for 16μm dry separator is 0.35-0.5 yuan per square meter [11] Electrolyte Market - The electrolyte market shows good sales performance, with a 3% month-on-month increase in November, driven by rising costs due to the increase in 6F prices [12][13] - As of November 13, the price for lithium hexafluorophosphate electrolyte is 145,000-158,000 yuan per ton [13] Battery Market - The domestic lithium battery market operates at high capacity, with expectations for stable or slightly increased production leading up to the end of the year [14] - As of November 13, the price for square three-element power cells is 0.4-0.46 yuan/Wh, and for square phosphate lithium power cells is 0.26-0.355 yuan/Wh [14] New Energy Vehicle Market - From November 1-9, retail sales of passenger vehicles reached 415,000 units, down 19% year-on-year, while new energy vehicle sales were 265,000 units, down 5% year-on-year [15] - Cumulative exports of new energy vehicles from January to October reached 2.014 million units, a year-on-year increase of 90.4% [15] Energy Storage Developments - A strategic cooperation agreement was signed between Haibo Innovation and CATL for a ten-year partnership, with a commitment to purchase no less than 200GWh of batteries from 2026 to 2028 [16] - New energy storage cell products were launched at the 2025 Global Partner Conference, indicating a competitive landscape among various manufacturers [16]