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PVDF industry downstream market demand strong and strong single fund layout related concept stocks
2023/7/13
On July 10, the new energy track stocks rebounded collectively. Among them, the concept sector of PVDF (polytic fluoride resin) ranked first. As of the closing, its overall increased by 4.41%, winning the broader market (up 0.22%). In the daily limit of Sanmei, Lianchuang rose by 17.34%, and Yonghe and Juhua also rose 7.23%and 6.49%, respectively.
The market for the market has also begun to deploy PVDF concept stocks. On July 10, the PVDF concept sector overall showed a net purchase trend of large single funds, with a total of 211 million yuan. Among them, the net inflow of Lianchuang's large -scale funds was the first, reaching 150.7367 million yuan. The net inflow of large single funds such as Sanmei, Juma, and Fluelofluoro, etc., also exceeded 10 million yuan.
The price of PVDF in the second half of the year is expected to rebound slightly
PVDF is a new type of fluorocarbon thermoplastic resin. It has good dielectric, voltage, and thermoelectric performance. It has become the second product currently ranked among fluoride polymers. PVDF is used in lithium batteries, coatings, injection molding, water, water, water Treatment film, solar back plate film and other fields.
As the sales of new energy vehicles continue to heat up, the demand for downstream markets in the PVDF industry is strong, and it provides support for the rebound of the sector. On July 10, the Data from the Federation of Federation showed that in June, the retail sales of the new energy vehicle market were 665,000 units, an increase of 25.2%year -on -year; the cumulative retail sales of 30.86 million vehicles since this year, a year -on -year increase of 37.3%. In addition, according to data from the China Automobile Power Battery Industry Innovation Alliance, in the first five months of this year, the cumulative loading volume of my country's power batteries was 119.2GWh, an increase of 43.5%year -on -year. Institutions predict that by 2025, the global demand for lithium -sized PVDF will exceed 120,000 tons.
In this regard, Sui Dong, a row wealth researcher interviewed by a reporter from the Securities Daily, said that PVDF plays an important role of adhesive, dispersion, and electrolyte in lithium batteries. With the strong support of the policy, the sales of new energy vehicles in the future are expected to continue to grow. Therefore, the demand for PVDF is expected to continue its strong momentum, and then support the PVDF price to stabilize the rebound and drive the PVDF concept sector to strengthen.
Although PVDF demand has continued to increase, PVDF prices have been recovered since this year. According to the statistics of the same flowers, as of July 7, the price of PVDF (HSV900) for lithium batteries was 160,000 yuan/ton, while the price at the beginning of the year was as high as 425,000 yuan/ton, a decrease of 62.35%during the year.
"In the case of relatively slow demand recovery speed, the price of PVDF in the second half of the year is mainly based on shocks. The demand in the short term may be significantly improved, but it is expected to rebound slightly. At present, as the price gradually falls to the rational range, it is gradually falling to the rational range. Some products have been alleviated due to high costs, but have limited impact on the overall market, and they need to wait for related favorable information to fully recover. "Chen Li, chief economist of Chuancai Securities and director of the Institute, told reporters.
PVDF enterprises accelerate the new production capacity entry layout
Speaking of the problem of expanding PVDF companies, Chen Li said that on the one hand, after the price of product prices rose sharply in the past, the industry's production capacity was affected by explosive growth, and major manufacturers have accelerated the entry layout of new production capacity; On the other hand, related manufacturers quickly transformed. Enterprises with lithium -battery -grade PVDF production technology quickly transformed the existing photovoltaic and coating granules to lithium batteries. After the supply of supply continued to increase in the field, the growth rate of downstream demand and the increase in production expansion failed to match the increasing increase in production. The supply and demand structure has reversed, from supply and demand, from supply in order to excessive supply, fierce market price competition, and new production capacity is expected to be continuously released.
Kurosaki's senior researcher Zeng Sheng told reporters that although PVDF prices have shown a downward trend since this year, factors such as increasing output, decreased raw material costs, and increased PVDF demand for lithium batteries have shown factors such as PVDF's profit margin and performance growth potential. In addition, the import price of the PVDF market is still at a high level, which also increases the possibility of stabilizing PVDF prices in the second half of the year. With the release of new capacity of domestic enterprises, the localization rate of PVDF in the lithium battery field is expected to increase significantly.
Chen Li believes that with the rapid development of the new energy vehicle industry, the demand for PVDF has continued to grow. At the stage of the continued increase in the monthly production of domestic power batteries, PVDF is an indispensable part of lithium battery. From 2021 to April 2022, the market price of the PVDF market has risen all the way. Essence However, in the short term, new enterprises have dragged market prices in the market. A large number of new capacity releases on the court, market competition has intensified, and the price is difficult to improve in the short term. In the long run, when the new energy vehicle market is expected to be good, the PVDF market will usher in the second half of the year.
The market for the market has also begun to deploy PVDF concept stocks. On July 10, the PVDF concept sector overall showed a net purchase trend of large single funds, with a total of 211 million yuan. Among them, the net inflow of Lianchuang's large -scale funds was the first, reaching 150.7367 million yuan. The net inflow of large single funds such as Sanmei, Juma, and Fluelofluoro, etc., also exceeded 10 million yuan.
The price of PVDF in the second half of the year is expected to rebound slightly
PVDF is a new type of fluorocarbon thermoplastic resin. It has good dielectric, voltage, and thermoelectric performance. It has become the second product currently ranked among fluoride polymers. PVDF is used in lithium batteries, coatings, injection molding, water, water, water Treatment film, solar back plate film and other fields.
As the sales of new energy vehicles continue to heat up, the demand for downstream markets in the PVDF industry is strong, and it provides support for the rebound of the sector. On July 10, the Data from the Federation of Federation showed that in June, the retail sales of the new energy vehicle market were 665,000 units, an increase of 25.2%year -on -year; the cumulative retail sales of 30.86 million vehicles since this year, a year -on -year increase of 37.3%. In addition, according to data from the China Automobile Power Battery Industry Innovation Alliance, in the first five months of this year, the cumulative loading volume of my country's power batteries was 119.2GWh, an increase of 43.5%year -on -year. Institutions predict that by 2025, the global demand for lithium -sized PVDF will exceed 120,000 tons.
In this regard, Sui Dong, a row wealth researcher interviewed by a reporter from the Securities Daily, said that PVDF plays an important role of adhesive, dispersion, and electrolyte in lithium batteries. With the strong support of the policy, the sales of new energy vehicles in the future are expected to continue to grow. Therefore, the demand for PVDF is expected to continue its strong momentum, and then support the PVDF price to stabilize the rebound and drive the PVDF concept sector to strengthen.
Although PVDF demand has continued to increase, PVDF prices have been recovered since this year. According to the statistics of the same flowers, as of July 7, the price of PVDF (HSV900) for lithium batteries was 160,000 yuan/ton, while the price at the beginning of the year was as high as 425,000 yuan/ton, a decrease of 62.35%during the year.
"In the case of relatively slow demand recovery speed, the price of PVDF in the second half of the year is mainly based on shocks. The demand in the short term may be significantly improved, but it is expected to rebound slightly. At present, as the price gradually falls to the rational range, it is gradually falling to the rational range. Some products have been alleviated due to high costs, but have limited impact on the overall market, and they need to wait for related favorable information to fully recover. "Chen Li, chief economist of Chuancai Securities and director of the Institute, told reporters.
PVDF enterprises accelerate the new production capacity entry layout
Speaking of the problem of expanding PVDF companies, Chen Li said that on the one hand, after the price of product prices rose sharply in the past, the industry's production capacity was affected by explosive growth, and major manufacturers have accelerated the entry layout of new production capacity; On the other hand, related manufacturers quickly transformed. Enterprises with lithium -battery -grade PVDF production technology quickly transformed the existing photovoltaic and coating granules to lithium batteries. After the supply of supply continued to increase in the field, the growth rate of downstream demand and the increase in production expansion failed to match the increasing increase in production. The supply and demand structure has reversed, from supply and demand, from supply in order to excessive supply, fierce market price competition, and new production capacity is expected to be continuously released.
Kurosaki's senior researcher Zeng Sheng told reporters that although PVDF prices have shown a downward trend since this year, factors such as increasing output, decreased raw material costs, and increased PVDF demand for lithium batteries have shown factors such as PVDF's profit margin and performance growth potential. In addition, the import price of the PVDF market is still at a high level, which also increases the possibility of stabilizing PVDF prices in the second half of the year. With the release of new capacity of domestic enterprises, the localization rate of PVDF in the lithium battery field is expected to increase significantly.
Chen Li believes that with the rapid development of the new energy vehicle industry, the demand for PVDF has continued to grow. At the stage of the continued increase in the monthly production of domestic power batteries, PVDF is an indispensable part of lithium battery. From 2021 to April 2022, the market price of the PVDF market has risen all the way. Essence However, in the short term, new enterprises have dragged market prices in the market. A large number of new capacity releases on the court, market competition has intensified, and the price is difficult to improve in the short term. In the long run, when the new energy vehicle market is expected to be good, the PVDF market will usher in the second half of the year.
Regarding the investment opportunities of the PVDF sector, Chen Li said that the current PVDF sector's valuation is relatively low. Although the pressure on the library in the short term is large, the rebound is expected to exist. It is recommended to pay attention to enterprises with faster technology improvement and high market share.
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