SunSirs: Lithium Hexafluorophosphate Price Breaks Through 100,000 RMB Per Ton

After a deep adjustment in price, lithium hexafluorophosphate has emerged from the trough and seen a rapid rise in October this year. According to Wind data, on October 31, the price of lithium hexafluorophosphate was reported at 107,500 RMB/ton, up by 76.23% from 61,000 RMB/ton on September 30.

Yuan Shuai, Deputy Secretary-General of the Zhongguancun Internet of Things Industry Alliance, told a reporter from the Securities Daily: "Lithium hexafluorophosphate is a key component of lithium-ion battery electrolytes. Its price increase is closely tied to rising market demand and declining inventories, meaning manufacturers of lithium hexafluorophosphate will directly benefit from the upward price trend."

Price trend exceeds expectations

Wind data shows that the price of lithium hexafluorophosphate (LHP) rose to a high of 565,000 RMB/ton in the second half of 2021 before falling, reaching a low of 49,300 RMB/ton in July this year. Since then, it has stabilized and gradually rebounded. From October 28 to 31 this year, it has been above 100,000 RMB/ton for four consecutive days.

The performance of the parent company is improving

In recent years, as inefficient production capacity has been gradually phased out, the concentration of the lithium hexafluorophosphate industry has continued to increase. Regarding the future trend of the industry competition pattern,Tianci Materials stated at the earnings call: "Most small enterprises lack the confidence and ability to expand production, and the incremental supply in the future mainly comes from leading enterprises. It is expected that the industry's concentration will further increase."

From the third quarter report of 2025, the performance of the leading companies in the lithium hexafluorophosphate industry is improving. Tianxi Materials achieved a total operating income of 1.0843 billion RMB in the first three quarters, an increase of 22.34% year-on-year; it achieved a net profit of 421 million RMB, an increase of 24.33% year-on-year. The company introduced that the company's existing lithium hexafluorophosphate production capacity is about 110,000 tons, and the existing production line is expected to maintain a relatively high capacity utilization level. The rhythm of the new technology reform capacity will be considered comprehensively according to the market demand change.

Dopfer achieved operating income of 6.729 billion RMB and net income of 78.0546 million RMB in the first three quarters, a year-on-year increase of 407.74%, and its profitability has significantly improved compared to the same period last year. The relevant person in charge of the company stated that with the release of production capacity in the fourth quarter, it is expected that profits will further increase. In the future, through the improvement of scale and the superposition of raw material advantages, the company's market competitiveness will continue to strengthen.

Tianji Shares achieved operating income of 1.786 billion RMB in the first three quarters, a year-on-year increase of 23.00%; the net profit attributable to the shareholders of the listed company decreased compared to the same period last year. The company's third-quarter report shows that the company's main business, lithium hexafluorophosphate, has shown an inverted trend. Due to some major customers' long-term contract that has not yet been executed and is expected to expire by December this year, the company continues to execute a lower sales price based on the spirit of contract, which is the main reason for the company's continued loss in the third quarter. The company expects that the trend of lithium hexafluorophosphate's operation will continue to improve, and the company is striving to turn a profit in the fourth quarter.

Li Xianping, executive vice secretary general of the China Urban Expert Think Tank Committee, told reporters for Securities Daily that while leading companies continue to consolidate their market position in the lithium hexafluorophosphate industry, they are also actively seizing new opportunities in solid-state batteries. They are actively promoting research and development innovations such as sulfide electrolytes, which could help consolidate the competitive advantages of leading companies.

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