電氣設(shè)備行業(yè)鋰電產(chǎn)業(yè)鏈月度觀察車型沖量裝機景氣，材料產(chǎn)量高位價格下滑

1、目錄1、中游產(chǎn)量高位價格下滑，裝機高度景氣................................................................................................................42、鋰電裝機：車型沖量裝機景氣，能量密度理性提升..............................................................

2、................................52.1車型年底沖量，裝機高度景氣.....................................................................52.2能量密度理性回升，關(guān)注高鎳硅碳負極...........................................................73、四大材料：產(chǎn)量高位，價格整體下滑，龍頭

3、優(yōu)勢明顯...........................................................................................93.1正極：三元產(chǎn)量高位，上游壓力傳導(dǎo)，仍在擴產(chǎn)周期................................................93.2負極：產(chǎn)量穩(wěn)增，成本壓力上行，龍頭布局石墨化爭取利潤空間..................

4、...................153.3隔膜：產(chǎn)量穩(wěn)步增長，價格持續(xù)下滑，進入洗牌階段...............................................173.4電解液：產(chǎn)量高增長，價格有支撐，龍頭穩(wěn)擴張...................................................184、風險提示.........................................

5、..................................................................................................................21圖表圖表1:11月中游產(chǎn)量高位價格整體下滑，裝機高度景氣....................................................4圖表2:動力鋰電月度裝機量及同比增速.....

6、.............................................................5圖表3:純電乘用車動力鋰電月度裝機及同比增速..........................................................5圖表4:動力鋰電分材料裝機結(jié)構(gòu)..............................................................

7、..........5圖表5:純電乘用車動力鋰電分材料裝機結(jié)構(gòu)..............................................................5圖表6:動力鋰電分形狀裝機結(jié)構(gòu)........................................................................6圖表7:純電乘用車動力鋰電分形狀裝機結(jié)構(gòu)..................

8、............................................6圖表8:主要動力鋰電企業(yè)月度裝機占比..................................................................6圖表9:11月及111月裝機前5企業(yè).....................................................................7圖表

9、10:11月三元及鐵鋰裝機前5企業(yè)...................................................................7圖表11:11月龍頭企業(yè)分車輛類別裝機占比...............................................................7圖表12:11月龍頭企業(yè)分材料裝機占比...............................

10、....................................7圖表13:911月上牌乘車能量密度大幅躍升...............................................................7圖表14:911月上牌乘用車里程全面提升.................................................................7圖表15:商用車加權(quán)平均

11、能量密度趨勢...................................................................8圖表16:商用車加權(quán)平均EKG趨勢......................................................................8圖表17:不同三元材料對應(yīng)容量及其他性能......................................

12、.........................8圖表18:負極材料發(fā)展及能量密度圖譜...................................................................8圖表19:四大材料產(chǎn)量及同比...........................................................................9圖表20:四大材料價格與環(huán)比....

13、.......................................................................9圖表21:NCM523與對應(yīng)原材料價格走勢................................................................10圖表22:原材料價格變化對NCM523成本貢獻分析....................................

14、...................10圖表23:假定關(guān)稅下降全部傳導(dǎo)到終端電池價格的情況下，電池組電池單體價格可以下降0.3%0.4%.......................10圖表24:硫酸鈷、四氧化三鈷月度產(chǎn)量走勢..............................................................11圖表25:鈷金屬及硫酸鈷價格走勢..........................

15、............................................11圖表26:全球鈷資源分布..............................................................................11圖表27:201820年國外主要鈷擴張規(guī)劃.............................................................

16、....11圖表28:碳酸鋰、氫氧化鋰月度產(chǎn)量與同比..............................................................12圖表29:碳酸鋰、氫氧化鋰月度價格走勢................................................................12圖表30:全球鋰資源概況.................................