Late November 18, phosphorous chemical enterprise sichuan jinnuo (300505) announced that the company according to the practical needs and development strategy layout, proposed new "iron phosphate, lithium iron phosphate production and sales, according to the market supervision administration of yunnan province about other business scope canonical expression query system requirements, to the original scope of business to the company to synchronize the expression of specification adjustment.
The announcement shows that Chuan Jinuo to the proposed new business scope of iron phosphate, lithium iron phosphate production and sales of electronic materials research and development, sales, manufacturing.
The battery network noted that since the end of last year, the new energy vehicle and power battery market has maintained a high boom and a long-term good, chuanjinuo is using new energy Dongfeng and its own industrial advantages to accelerate the transformation.
According to the official website, Chuanjinuo is a high-tech enterprise specialized in phosphorus chemical industry. Founded in June 2005, it successfully went public in Shenzhen Stock Exchange on March 15, 2016. The production base is located in Dongchuan District of Kunming city and Fangchenggang City of Guangxi Province. According to reports, the Dongchuan production base in Kunming currently produces feed-grade phosphate, supplemented by high-concentration phosphate fertilizer, while the Fangcheng Port Base mainly produces industrial-grade wet purification phosphoric acid, supplemented by high-concentration phosphate fertilizer. It has entered the trial production stage in early 2021 and is expected to be fully put into operation in early 2022. Through continuous innovation and improvement of phosphoric acid purification technology, Chuanjinuo has realized the hierarchical utilization of wet-process phosphoric acid, and plans to actively promote industrial grade phosphate products to electronic grade and battery grade fine phosphate products.
Sealand securities, according to the latest research report analysis as the main raw material of iron phosphate/lithium iron phosphate, since this year to purify phosphoric acid supply and demand, especially after entering in September, affected by the yellow phosphorus leak, thermal process phosphoric acid prices have jumped, wet cleaning phosphoric acid the price also follow one row on the road, in October average price of 10147 yuan/ton, up 124% year-on-year. Chuanjinnuo 100000 tons/year wet process purified phosphoric acid project will soon be put into operation, which is expected to fully benefit from the current high boom of purified phosphoric acid market. In addition, the company's wet purification phosphoric acid project will also provide sufficient raw materials for the company's subsequent iron phosphate and lithium iron phosphate projects. I am optimistic that the company can rely on the integration advantage in the future and fully enjoy the dividend of the rapid development of the new energy industry.
In the field of iron phosphate and lithium iron phosphate, Chuanjinuo has started the construction of 5,000 tons/year iron phosphate production unit in early 2021 to complete production technology verification and downstream customer certification, and the unit has been initially completed.
On November 9, Chuanjinuo announced that the company and the People's Government of Fangchenggang Port District plan to sign the Project Cooperation Framework Agreement recently, and both sides plan to give full play to their respective advantages. In Fangchenggang city, it has invested and constructed "50,000 tons/year battery grade lithium iron phosphate cathode material precursor material iron phosphate and supporting 600,000 tons/year sulfur acid production project" and "100,000 tons/year battery grade lithium iron phosphate cathode material Project".
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