The section stock already knew
Must-read news 1: The first international standard for a new power system is about to be released, and the field of energy storage has become a key link
At the 2022 International Standardization Conference, the International Electrotechnical Commission proposed that China take the lead in formulating the world's first international standard framework system for key technologies of new power systems, accelerate the construction of new power systems, and promote clean and low-carbon energy transformation.
In the new power system, energy storage is a key technical means to support the access and consumption of a high proportion of renewable energy on the power generation side. Under the guidance of the "double carbon" goal, the installed capacity of domestic wind and solar has continued to increase, and the rapid growth of new energy installed capacity will drive the increase in energy storage penetration. Institutional analysis pointed out that policies, electricity prices and new energy installed capacity penetration and other factors to promote the rapid development of the energy storage industry, it is expected that in 2025 overseas / domestic new energy storage installed capacity of 190/80GWh, a total of more than 270GWh.
Relevant listed companies
Kelu Electronics (002121) has realized the mass shipment of grid-level energy storage products in North America, Africa and other regions, and a number of energy storage core components are independently developed and produced, including PCS, BMS, EMS, etc., which are highly recognized by customers in large-scale energy storage projects around the world.
Linyang Energy (601222) has developed a 1500V high-pressure liquid-cooled centralized air-cooled energy storage system and a string air-cooled energy storage system for the application scenarios of new energy supporting energy storage, which is mainly suitable for peak shaving and frequency regulation of medium-sized and large-scale energy storage power stations.
Must-read news two: a single week rose 18%, this lithium battery upstream products main production area is almost out of stock
Industry data show that the price of yellow phosphorus reached 31250 yuan / ton last week, up 17.92% month-on-month. On the supply side, Sichuan introduced a power rationing policy, some enterprises were suspended, yellow phosphorus enterprises in Mabian and Mianyang areas of Sichuan were limited by the influence of electricity and stopped the furnace, and yellow phosphorus enterprises in Ya'an area reduced the load; Some enterprises in Yunnan are undergoing equipment maintenance.
In 2021, the effective production capacity of yellow phosphorus in China will be 1.4345 million tons respectively. Among them, yunnan, Sichuan and Guizhou ranked in the top three in terms of production capacity, accounting for 46%, 23% and 19% respectively. According to industry media reports, as of August 19, the Sichuan yellow phosphorus plant was almost completely stopped, and the yellow phosphorus inventory was also at a low level, and even no goods were available, affecting the national yellow phosphorus production capacity of more than 20%. Institutional analysis pointed out that benefiting from the high prosperity of new energy vehicles and the gradual release of demand in the field of energy storage and the increase in the market share of lithium iron phosphate power batteries, the rapid growth of lithium iron phosphate battery demand has led to the vigorous development of phosphorus chemical enterprises, and it is expected that the global demand for iron phosphate will reach 3.09 million tons in 2025, and the domestic demand will reach 1.98 million tons.
Relevant listed companies
Yuntu Holdings (002539) has an annual production capacity of 60,000 tons of yellow phosphorus, and the company said that although the yellow phosphorus production base is located in Liangshan Prefecture, Sichuan Province, Liangshan Prefecture does not belong to the scope of the implementation of the Sichuan power rationing policy.
Xingfa Group (600141) has a yellow phosphorus production capacity of more than 160,000 tons / year, fine phosphate production capacity of about 200,000 tons / year, is one of the most complete and diverse enterprises in the country.1.
Must-read news three: SiC large-scale car began to enter the countdown, new energy vehicles + photovoltaic + charging piles are widely used
Automobile electrification of high-voltage charging platform and power devices put forward higher requirements, SiC with high voltage resistance, high temperature resistance, high efficiency, high frequency, radiation resistance and other advantages, in the electronic control scenario energy loss than Si chip reduction of half, is considered to replace IGBT, become the core device of the future high-voltage charging platform, but also the key device for the performance and application experience of electric vehicles to improve.
According to STMicroelectronics, the use of SiC devices can reduce the average weight of electric vehicles by 150 kg to 200 kg, extend battery life, and make the average tram range of more than 600 km. According to the China Semiconductor Industry Association, the use of silicon carbide can save about 2,000 US dollars in vehicle costs, including saving 600 US dollars in battery costs, 600 US dollars in car space costs, and saving 1,000 US dollars in cooling system costs. The agency believes that under the background of the rapid growth of terminal shipments in key industries such as new energy vehicles and photovoltaic power generation, the increase in SiC penetration rate and the limited reduction in device prices in the short term, the SiC device market size in 2022-2024 is expected to usher in the fastest growing three-year cycle.
Relevant listed companies
Haite High-tech (002023) said that the company and new energy vehicle companies cooperate to carry out the research and development and manufacturing of SiC (silicon carbide) power chips, the implementation of the vehicle-level quality management system is being promoted in an orderly manner, and the high-efficiency, high-power SiC (silicon carbide) power chips suitable for the application of new energy charging piles will be released soon.
The third-generation semi-product SiC power discrete device products and GaN-DFN devices launched by Guoxing Optoelectronics (002449) can be applied to the field of automotive charging piles, and are currently in a small batch of orders with customer sample delivery tests.
Must-read news four: the production cut has led to an intensification of the upward momentum of the product, and the supply and demand structure of the stocking season may be further tightened
Recently, Sichuan's power cut led to the reduction of upstream lithium salt production, and the price of lithium carbonate increased last week, and some manufacturers quoted 1000-2000 yuan. At present, the mainstream quotation of industrial lithium carbonate is 461,000-47.1 million tons, the price of battery-grade lithium carbonate is 479,000-489,000 yuan / ton, and the price of lithium hydroxide is 471,000-477,000 yuan / ton.
The distribution of upstream and downstream production capacity in the industrial chain such as lithium and silicon in Sichuan Province is relatively concentrated, and the proportion of the whole country is at a relatively high level, and the supply side of power curtailment has been reduced to varying degrees. Respectively, the production capacity of lithium ore resources, lithium salts, cathode materials and anode materials accounted for 57%, 27.4%, 11.8% and 17% of the country, respectively. The agency expects that the power curtailment will cause domestic lithium carbonate and lithium hydroxide production to be reduced by about 1120 tons and 1690 tons respectively, the output of ternary materials is expected to be reduced by 4500 tons, and the output of lithium iron phosphate is expected to be reduced by 5200 tons.
Relevant listed companies
Tibet Mining (000762) tibet Zabuye salt lake with exclusive mining rights is the world's three largest lithium ore salt lakes, Asia's largest lithium salt lake, is rich in lithium, boron, potassium solid, liquid coexistence of special comprehensive large-scale salt lake deposits.
The company plans to produce 9,500 tons of lithium concentrate in 2022.
The Chunpeng Lithium Industry Project with an annual output of 35,000 tons of high-purity lithium salt, which belongs to China Mining Resources (002738), has been filed on the online approval and supervision platform for investment projects in Jiangxi Province, with a total construction period expected to be 18 months, and is expected to be put into operation before the end of 2023, when it will have a total capacity of 66,000 tons / year of lithium salt products.
Titanium Small Shares, Titanium Media Finance and Economics Research Institute
2022.08.23
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