China Merchants Securities released a research report saying that the average domestic VC price has risen sharply recently and has returned to more than 200,000 per ton after a phased correction in the first half of the year. On the demand side, the expansion of lithium battery shipments is compounded by the increase in VC unit consumption under the new national standard for power battery safety, and global demand is expected to continue to rise; on the supply side, VC nominal production capacity is rapidly expanding, but the second-generation process is difficult, and effective supply release is expected to be limited. The bank expects the VC shortage pattern to continue, and subsequent prices will be significantly flexible, so it is recommended to continue to pay attention.

China Merchants Securities released a research report saying that the average domestic VC price has risen sharply recently and has returned to more than 200,000 per ton after a phased correction in the first half of the year. On the demand side, the expansion of lithium battery shipments is compounded by the increase in VC unit consumption under the new national standard for power battery safety, and global demand is expected to continue to rise; on the supply side, VC nominal production capacity is rapidly expanding, but the second-generation process is difficult, and effective supply release is expected to be limited. The bank expects the VC shortage pattern to continue, and subsequent prices will be significantly flexible, so it is recommended to continue to pay attention.