【SMM Analysis】Analysis of Price Changes in Lithium Hexafluorophosphate after the May Day Holiday

Published: May 11, 2024 17:45

Save

After May Day, the price of lithium hexafluorophosphate exhibited significant fluctuations.

After the May Day holiday, the price of lithium hexafluorophosphate exhibited significant fluctuations. From April 23, 2024, to around May 7, 2024, the price hovered around 71,000 yuan per ton. The lowest point of the price occurred around May 10, 2024, dipping to approximately 70,250 yuan per ton.

Before the holiday, terminal demand rebounded, with an increase in demand, leading to a relatively stable price of lithium hexafluorophosphate. On the supply side, the operating rate of major manufacturers rose close to full capacity, while some small factories still maintained low-load operation. On the demand side, the order volume of electrolyte manufacturers increased. As the price was higher than expected, most companies maintained a rigid demand attitude towards the purchase of lithium hexafluorophosphate, while some companies also chose to slightly increase their inventory. On the cost side, the prices of lithium carbonate and lithium fluoride remained stable, while the prices of phosphorus pentachloride and anhydrous hydrogen fluoride also remained stable, leading to a relatively stable overall price of lithium hexafluorophosphate before the holiday.

After the holiday, the demand remained stable, and the price of lithium hexafluorophosphate dropped slightly. On the demand side, the demand for lithium hexafluorophosphate increased as the order volume of electrolyte manufacturers rose. On the cost side, the price of anhydrous hydrogen fluoride increased slightly, but due to the continuous fluctuations in the price of lithium carbonate, a slight drop in the price of lithium fluoride, and the stability of the price of phosphorus pentachloride, the overall price of lithium hexafluorophosphate dropped slightly after the holiday due to the increase in raw material prices and market operating rates.

The future development of lithium hexafluorophosphate prices remains uncertain. A thorough analysis of the factors affecting prices and close attention to market dynamics are the best ways to grasp future price trends.

If you want to know more about this news and obtain charts of the price trend mentioned in this news, please contact: joannexu@smm.cn

SMM price New Energy new energy prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM New Energy] Gotion High-Tech Secures Upstream Supply with Three Lithium Mines in Yichun

Gotion High-Tech informed investors that it has established three lithium mining operations in Yichun, Jiangxi, achieving full vertical integration from ore mining and refining to battery-grade lithium carbonate production. This strategic layout is designed to guarantee a stable long-term supply of raw materials and optimize procurement costs. On the sales front, the company negotiates product pricing directly with downstream customers to mitigate the impact of market fluctuations.

1 hour ago

2 hours ago

[SMM New Energy] Shanshan Shares Restructuring Plan Submitted: Control May Shift to Anhui SASAC

Shanshan Shares released an update on March 3 regarding its controlling shareholder's restructuring. The administrator submitted the draft restructuring plan for Shanshan Group and Ningbo Pengze Trading on February 28, following the fourth creditors' meeting held on March 2. The voting period is set to conclude on April 15, 2026. According to the signed investment agreement, if the plan is approved and executed, the actual controller of Shanshan Shares is expected to change to the Anhui Provincial State-owned Assets Supervision and Administration Commission (SASAC). This marks a potential state-led takeover for the leading lithium-ion battery material supplier after entering court-mandated restructuring in early 2025.

2 hours ago

[SMM New Energy] Shunbo Alloy Anhui Phase II Focuses on Battery Foil to Meet ESS and EV Demand

Chongqing Shunbo Aluminum Alloy (Shunbo Alloy) has announced that its Anhui Phase II project will prioritize aluminum plate and strip products for battery foil blanks, battery casings, 3C products, and green packaging. The company highlights that these sectors align with the rapid growth of new energy vehicles (NEVs) and new energy storage systems (ESS). The project includes a 630,000-ton/year low-carbon aluminum alloy flat ingot line and a 50,000-ton/year high-performance aluminum plate and strip line. Production and sales are projected to scale from 120,000 tons in 2026 to 400,000 tons by 2028.

2 hours ago