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
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