SunSirs: This Week, the Lithium Hexafluorophosphate Market Was Mainly Consolidating (March 18-22)
March 27 2024 14:03:39 SunSirs (John)
Price trend
This week, the lithium hexafluorophosphate market was mainly consolidating. On March 22nd, the mainstream price of lithium hexafluorophosphate was around 69,000 RMB/ton.
In terms of raw materials:
The price increase of raw material lithium carbonate in the market had slowed down and slightly increased. Maintenance of some lithium fluoride factories, maintained stable market prices. According to the monitoring system of SunSirs, as of March 22, the benchmark price of SunSirs’ lithium carbonate was 108,800.00 RMB/ton, an increase of 17.24% compared to the beginning of this month (92,800.00 RMB/ton).
Downstream:
Downstream electrolyte companies had a wait-and-see attitude, with a cold purchasing atmosphere and only maintaining purchases on demand. Due to some enterprises having a certain amount of reserves, their demand for raw materials was not active, market transmission was not smooth, and there was no good news. Overall, the downstream mainly focused on wait-and-see.
Market outlook
According to data analysts from SunSirs, the high price of raw material lithium carbonate supported the production cost pressure on lithium hexafluorophosphate enterprises. Most enterprises mainly consumed inventory. Part of the production lines in Jiangxi Tianci were undergoing maintenance, resulting in overcapacity on the supply side and insufficient market operating rates. Overall, it is expected that the price of lithium hexafluorophosphate will remain stable, with market consolidation being the main focus.
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