June 23 lithium hexafluorophosphate prices fell slightly

Price Quotes

Today, the cash quotation including tax in China's lithium hexafluorophosphate market fell, currently between 49400 and 55800 yuan/ton, with an average price of 52600 yuan/ton, down 100 yuan/ton from yesterday.

Integrated

Today's lithium hexafluorophosphate market continued its downward trend, with prices falling slightly. Upstream raw material lithium carbonate prices continue to weaken, superimposed on the increase in import resources, cost support has been loosened, while downstream electrolyte manufacturers procurement is still cautious, mainly to digest inventory, the demand side of the lack of strong pull. In the industrial chain, the head enterprises by virtue of technological advantages and integrated layout to maintain stable start-up, but small and medium-sized manufacturers due to high costs into the cycle of production reduction, industry concentration further increased. In addition, the policy side is divided, China's new energy subsidies after the decline of demand to endogenous growth, while Europe and the United States through tax incentives to stimulate the electric vehicle market, but local capacity construction lags behind still rely on China's supply chain.

raw material market

The price of raw material lithium carbonate was affected by the increase in imports and the release of new capacity, but the price of hydrogen fluoride and other accessories fluctuated slightly, and the overall cost support was limited. Some enterprises through process optimization to reduce unit consumption, or the layout of lithium resources self-supply to hedge cost risks, but the purchase of raw materials of small and medium-sized enterprises are still facing loss pressure. In the short term, the loose pattern of supply and demand in the raw material market has not changed, lithium hexafluorophosphate production costs or maintain low volatility, corporate profit margins depend on the ability to reduce technology.

Downstream Market

Demand in the power battery sector is stable, the growth rate of new energy vehicle penetration is slowing down, battery plants are mainly destocking, while the energy storage sector is bright, the global installed capacity is expected to grow, driving the demand for lithium iron phosphate batteries, indirectly supporting the bottom demand for lithium hexafluorophosphate. However, downstream battery manufacturers such as Ningde era, BYD accelerated vertical integration, self-built electrolyte capacity to squeeze the share of external suppliers, intensifying market competition.

Aftermarket Forecast

Lithium hexafluorophosphate short-term or maintain the bottom shock pattern. Prices are close to the cash cost line for small and medium-sized manufacturers, and a continued downturn could trigger more capacity exits. The centralized release of energy storage orders and the start-up of battery plant replenishment may bring about pulsed demand, but the rebound is limited by weak raw material prices and overall oversupply. In the future, we need to focus on tracking the pace of production expansion of head enterprises and the boosting effect of terminal stimulus policies on consumption.