Since 2017, the prices of phased products with excess production of lithium hexafluorophosphate have continued to fall, leading to continued decline in electrolyte prices. In terms of output value, in 2017, the domestic lithium-ion battery electrolyte output value was 5.95 billion yuan, a year-on-year decrease of 0.92%. The output value increased negatively, and the company's gross profit fell seriously.

　　The price of lithium-ion battery electrolyte continued to fall. Judging from the overall trend, the average price of electrolyte in 2013 was around RMB 48,000 to RMB 50,000, a decrease of about 25% from 2012, while the average market price in the fourth quarter of 2013 dropped to around RMB 40,000/ton. In 2017, due to overproduction and falling prices of lithium hexafluorophosphate, the price of lithium-ion battery electrolytes fell. Among them, the prices of lithium-ion battery electrolytes for energy storage and power lithium battery electrolytes fell sharply by 23% and 16.7%, respectively. The price of 3C digital products dropped by 7.14% year-on-year. In 2017, the overall price of electrolyte products was at a low level, and the average market price was between 50,000 yuan and 55,000 yuan per ton.

　　There are two important reasons for the price drop. First, the price of lithium hexafluorophosphate, an upstream raw material, has continued to fall, from 300,000 yuan to 150,000 yuan to 200,000 yuan, to about 80,000 yuan now. Downstream lithium-ion battery manufacturers are very aware that they are willing to lower the prices of upstream raw material manufacturers. Based on the fact that the capacity of lithium hexafluorophosphate is equal to more than 2 to 3 times the current domestic demand for electrolyte production and sales, there is strong room for cost reduction after Chinese manufacturers. Domestic mainstream manufacturers continue to bet on the price of lithium hexafluorophosphate, but due to the decline of 60% of lithium hexafluorophosphate electrolyte With a cost structure of 40%, the basic price of solvents and other additives is related to the price of crude oil, and the marginal effect of the future decline in electrolyte prices is diminishing.

　　According to the industry, the market generally expects that the price of lithium-ion battery electrolyte will continue to fall in the next two years, and the market generally expects 36,000 yuan/ton. We calculate that the gross profit is about 10,000 tons, the net profit in 3000-5,000 tons, the investment of 5,000 tons of equipment is about 100 million yuan, the total return on investment can reach 15%-25%, and the period of technological transformation and expansion is very short. Almost all large companies have the ability to expand production, but the actual situation is that large manufacturers are still expanding from the 14th to the 15th.