Fundamentals of Lithium Hexafluorophosphate Market Remain Bearish

SHANGHAI, May 9 (SMM) - According to SMM survey, the current mainstream transaction prices in the lithium hexafluorophosphate market are 300,000 yuan/mt. From the perspective of raw materials, the price of lithium carbonate has dropped slightly, thus the cost of lithium hexafluorophosphate has been further reduced. In terms of supply, lithium hexafluorophosphate manufacturers maintained normal operation during the Labour Day holidays, and the new capacity of some producers ramped up. From the demand side, the demand from NEV market has not yet recovered from the pandemic, while the demand from the digital market is still sluggish, and the overall downstream demand is weak. It is expected that the price of  lithium hexafluorophosphate will stabilise or decline slightly in the near future.