The third quarterly report was finally disclosed, and many of the logics about phosphate rocks were gradually verified. Phosphorus Sanjie announced their respective transformation plans, and the story of new energy has just begun. Next: Phosphorus chemical companies with location advantages and low-cost expansion. Transformation improves valuation, phosphate rock resource attribute valuation increases, and performance can also be improved.
Review of the summary of $ Hubei Yihua (SZ000422) $ company: Phosphate rock as an important strategic resource, its future scarcity is not weaker than rare earths, in the context of the tightening of the supply side, phosphate rock prices will further rise. Phosphate rock associated with fluorine resources is a raw material for the development of high-end fluorine materials and fluorine fine chemicals (lithium hexafluorophosphate, PVDF).
Phosphate ore mining is now inclined to industrialization, and the extensive, only selling resources model of the past has become a thing of the past.
1. The ticket system implemented by The phosphate mine in Yichang, Hubei Province, in principle, phosphate ore does not leave the province. Every year, the phosphate rock production indicators are decentralized, the total amount is controlled, and the mining requires tickets. In the future, mineralization will be integrated, and there will be no capacity and no tickets to produce and sell. This means that in the future, we will not sell the ore separately, and only allow large enterprises with industrial integration to mine phosphate ore to protect resources and protect the environment. Research minutes from Yihua, Hubei Province.
2, $ Yuntianhua (SH600096) $ in the third quarter of foreign sales of phosphate rock fell by 31% year-on-year, the leader with practical actions to prove that do not want to sell phosphate rock.
3. Hubei Yihua phosphorus ore directly established a joint venture with Ningde Times.
4. BYD invested 1% in the shares and cooperated with Chuaneng Power and Sichuan Road & Bridge to develop phosphate ore and lithium iron phosphate.
5, long-term phosphate ore resources are also very important. According to the average price of the 21H1 market, we calculate that if we purchase 85% high-purity phosphoric acid as a phosphorus source, the cost of a single ton of lithium iron phosphate is about 4124 yuan, while for phosphate resource enterprises to use wet purification technology to produce phosphoric acid, the cost of phosphorus source per ton of lithium iron phosphate is about 1989 yuan / ton, and the self-supplied phosphorus source of lithium iron phosphate enterprises has a cost advantage of about 2135 yuan / ton. For the production of lithium iron phosphate, phosphorus-derived phosphorus chemical enterprises have a greater cost advantage than titanium dioxide enterprises derived from iron-derived giving.
6, $ Xingfa Group (SH600141)$ : Hubei implements a mineral ticket system, the mine does not go out of the province, how much production capacity can buy as much ore. The Ministry of Land and Resources is increasingly tight to the mining of phosphate rocks, and there will be increases in the future, but there will be no disorderly expansion. Yichang's future phosphate rock resources are expected to be integrated into a handful. Phosphorus mining restrictions are getting tighter, an advantage that almost all elemental cycles do not have, and are very helpful in maintaining the length of the phosphorus boom. Moreover, in the future, Hubei is the dragon head to eat all. Research minutes from Xingfa Group.
PS: Chuanjinnuo, Chuanfa Dragon Python, Chuanheng Shares, Xinyangfeng, Yuntu Holdings, Silt, Ananda, etc. Phosphorus Sanjie is cheaper than their valuation and more feasible for new energy transformation. #A shares##Stock Market Review ##股票 #