The environmental protection policy is becoming stricter, the supply gap of electrode foil industry appears, and the price is expected to rise
Abstract: the production of electrode foil for aluminum electrolytic capacitor in China started relatively late. In the late 1990s, with the help of scientific research institutions, Chinese enterprises made breakthroughs in technical research in this area, and began to industrialized the production of corrosion foil and chemical foil. In recent years, with the rapid development of the downstream aluminum electrolytic capacitor industry, China has become a country with a large output of aluminum electrolytic capacitors in the world
in recent years, with the attention paid by the state to the environmental protection industry, relevant policies have been issued continuously to promote the green development of large-scale industries. For example, in january2017, the Ministry of environmental protection issued the Interim Provisions on the management of pollutant discharge permits, prohibiting the discharge of pollutants without a permit or without a permit; In November, the measures for the administration of pollutant discharge permits (for Trial Implementation) was issued. Enterprises and institutions included in the catalogue of classified management of pollutant discharge permits for fixed pollution sources shall apply for and obtain pollutant discharge permits within the prescribed time limit; In January, 2018, the national Standing Committee adopted the law of the people's Republic of China on the prevention and control of water pollution to implement the elimination system for backward processes and equipment that seriously pollute the water environment
there is a shortage of electrode foil due to the influence of manufacturing process and environmental protection technology. The electronic aluminum foil is made into corrosion foil through the corrosion process, which requires a large amount of hydrochloric acid, sulfuric acid, nitric acid and mixed acid to treat the electronic aluminum foil. This process will produce more acidic wastewater and irritant gas, which is easy to cause environmental pollution
with the tightening of environmental protection supervision, various heavy polluting enterprises have been shut down frequently. Starfish electronics, including industry leaders, has also been punished by the environmental protection department for many times. The accidental shutdown of electrode foil has caused the instability of industry supply, and further compressed the living space of small and medium-sized enterprises that fail to meet environmental protection standards
II. Due to the influence of policies, the gap at the supply end appears.
China started to produce electrode foil for aluminum electrolytic capacitor late. In the late 1990s, with the help of scientific research institutions, Chinese enterprises made a breakthrough in technical research in this regard and began to industrialized the production of corrosion foil and chemical foil. In recent years, with the rapid development of the downstream aluminum electrolytic capacitor industry, China has become a country with a large output of aluminum electrolytic capacitors in the world
according to relevant data, driven by the strong growth of aluminum electrolytic capacitors, China's production capacity of electrode foil has increased year by year in recent years, with a rapid growth in 2017. In 2017, China's electrode foil production capacity was 157600 tons, an increase of 21% over 2016; The output of electrode foil was 63300 tons, an increase of 26% over 2016
in 2017, with the tightening of environmental protection policies, due to the large amount of waste water and gas pollution caused by the electrode foil production process, some electrode foil manufacturers were shut down (especially the small manufacturers that are generally difficult to meet the environmental protection standards), and the supply end gap appeared. Considering the limited increase of overseas supply, the high production threshold of electrode foil hindering the intervention of other manufacturers and the slow release of the upstream electronic aluminum foil capacity of electrode foil, it is expected that the shortage of electrode foil will continue
III. due to the influence of multiple factors, the industry price is expected to rise.
aluminum electrolytic containers are widely used downstream, mainly in consumer electronics, communications, automobiles and other fields. Among them, consumer electronics accounted for 45%. From the perspective of downstream sub industries, most industries have stable growth, and new energy vehicles and new energy power generation are expected to become the main growth points of future demand
since the beginning of 2017, the major aluminum electrolytic capacitor enterprises in China have raised their prices one after another, with a price increase of about 10%. At the same time, overseas high-end capacitor enterprises also began to raise their prices one after another. Due to the low cost of capacitors in downstream products and the high proportion of downstream consumer products, downstream enterprises are more receptive to the price increase of capacitors, and the monthly and price of capacitors are expected to keep rising
the price increase of electrode foil on the one hand, this cooperation will also touch on the price increase of RN bitumen, a subsidiary of RN asphalt, from the upstream raw material high-purity aluminum and electronic aluminum foil (the foil proposed by the National Standards Commission to launch the preparation of guidelines for the construction of a new urbanization standard system in the near future); On the other hand, it comes from the increase of environmental protection cost caused by strict environmental protection requirements; The direct transition to the mismatch between supply and demand of model 811 makes this round of price increase go smoothly. From the perspective of supply and demand, the environmental protection inspection led to the shutdown of some non-conforming enterprises, affecting the supply. In terms of demand, the transfer of aluminum electrolytic capacitor industry has led to an upward demand for electrode foil in China. In terms of environmental protection, since 2017, environmental protection requirements have become more and more stringent. This round of remediation has also promoted the increase of environmental protection costs in the production of corrosive foil
the above data and analysis sources refer to the "analysis report on market prospect and investment strategic planning of China's aluminum electrolytic capacitor industry in" issued by the prospective industry research institute and controlled by microcomputer