1、 This week, the domestic lithium hexafluorophosphate market continued to rebound. As of August 26th, the benchmark price of lithium hexafluorophosphate (battery grade) from Shengyi Society was 114500.00 yuan/ton, an increase of 6.51% compared to the beginning of this month.
2、 Raw material side: Lithium carbonate (battery grade) maintains high-level oscillation operation, providing stable cost support for lithium hexafluorophosphate. The price of lithium fluoride remains stable at a high level, providing solid cost support for lithium hexafluorophosphate. As of August 26th, the benchmark price of Business Society’s lithium carbonate (battery grade) was 151000.00 yuan/ton, an increase of 6.34% compared to the beginning of this month (142000.00 yuan/ton).
3、 Supply side: At present, there is a significant contraction in supply. Mainstream large factories have proactively reduced their production load, and the reduction is difficult to recover in the short term. The overall market supply is not as abundant as before. Industry inventory remains at a low level, and the recent tightening of supply and demand has further intensified inventory depletion. Only a few companies have a small amount of inventory waiting to be sold at a high price, but the impact on the overall market pattern is limited. The inventory of large factories is still expected to decline, and with the support of the traditional peak season, the low inventory state is difficult to substantially improve in the short term.
4、 Demand side: Downstream electrolyte companies continue to release rigid demand for lithium hexafluorophosphate as operating rates increase. However, due to the rebound in raw material prices and the obstruction of cost transmission channels, some electrolyte manufacturers are facing significant pressure on their profits, and their attitude towards accepting orders is becoming more cautious. Although large electrolyte companies have made significant efforts to reduce prices, upstream suppliers have limited acceptance of low quotes, and the price game between buyers and sellers continues to tug at war.
5、 Market forecast: The current lithium hexafluorophosphate market is in a multi-party game stage of “cost support, supply contraction, and demand resilience”. In the short term, under the dual effects of tight supply and high costs, the market is expected to maintain a strong operating trend. However, when the upstream and downstream game deadlock will be broken, attention still needs to be paid to the trend of lithium carbonate prices and changes in downstream procurement rhythm.
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