[SMM Analysis] Analysis of LiPF6 Price Changes in September

Published: Sep 30, 2024 14:46
Source: SMM
[SMM Analysis: September LiPF6 Price Changes] The price of LiPF6 increased 1.7% MoM in September.

In September 2024, the price of lithium carbonate, a core raw material in the battery industry, began to rebound after a decline. Data shows that in September, the price of battery-grade lithium carbonate increased from 74,650 yuan/mt to 75,650 yuan/mt, a rise of 1.3%. Meanwhile, the price of industrial-grade lithium carbonate also rose from 70,450 yuan/mt to 71,500 yuan/mt, an increase of 1.5%.

The rise in lithium carbonate prices also led to an increase in the price of LiPF6. As an important electrolyte material for lithium batteries, the price of LiPF6 in September rose from 53,950 yuan/mt to 54,875 yuan/mt, an increase of 1.7%.

Despite a slight increase in market prices in September, overall, there was still minor fluctuation. This fluctuation reflects the market's uncertainty about future demand and the cautious attitude of producers in price adjustments. The increase in LiPF6 prices was directly influenced by the rebound in lithium carbonate prices. As the main raw material for LiPF6, the increase in lithium carbonate costs led producers to continuously adjust prices, resulting in a 1.7% rise in LiPF6 in September.

However, future price trends still need to be monitored in light of the global economic situation and changes in industry supply and demand to better grasp market dynamics. Overall, the market remains somewhat resilient, ready to respond to potential future fluctuations.

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 for 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
Cobalt Product Quotes in the Doldrums, Refined Cobalt Dropped Over 20,000 Yuan in a Single Week, Cobalt Sulphate Extends Losing Streak to Five Days [Weekly Observation]
11 hours ago
Cobalt Product Quotes in the Doldrums, Refined Cobalt Dropped Over 20,000 Yuan in a Single Week, Cobalt Sulphate Extends Losing Streak to Five Days [Weekly Observation]
Read More
Cobalt Product Quotes in the Doldrums, Refined Cobalt Dropped Over 20,000 Yuan in a Single Week, Cobalt Sulphate Extends Losing Streak to Five Days [Weekly Observation]
Cobalt Product Quotes in the Doldrums, Refined Cobalt Dropped Over 20,000 Yuan in a Single Week, Cobalt Sulphate Extends Losing Streak to Five Days [Weekly Observation]
11 hours ago
H1 Battery Materials Import and Export Data Released, Lithium Carbonate Imports Surge over 50%, How About Other Segments? [SMM Special]
Jul 24, 2026 19:38
H1 Battery Materials Import and Export Data Released, Lithium Carbonate Imports Surge over 50%, How About Other Segments? [SMM Special]
Read More
H1 Battery Materials Import and Export Data Released, Lithium Carbonate Imports Surge over 50%, How About Other Segments? [SMM Special]
H1 Battery Materials Import and Export Data Released, Lithium Carbonate Imports Surge over 50%, How About Other Segments? [SMM Special]
Jul 24, 2026 19:38
SMM Daily Review: Spot lithium carbonate price drifts lower on July 24
Jul 24, 2026 18:17
SMM Daily Review: Spot lithium carbonate price drifts lower on July 24
Read More
SMM Daily Review: Spot lithium carbonate price drifts lower on July 24
SMM Daily Review: Spot lithium carbonate price drifts lower on July 24
[SMM Daily Review: Spot Lithium Carbonate Prices Drifted Lower on July 24] SMM battery-grade lithium carbonate spot prices drifted lower compared with the previous working day. In the futures market, the lithium carbonate 2609 contract opened lower at 144,200 yuan/mt today, drifted lower after opening, moved sideways below the average price line (143,800 yuan/mt) in the morning, and hit a low of 141,300 yuan/mt; around midday, bulls and bears repeatedly struggled in the 141,000–144,000 yuan/mt range, with trading volume increasing in stages; in the afternoon, bulls briefly exerted strength, pushing the price to surge to 145,800 yuan/mt, before it encountered bearish selling pressure and drifted lower. The contract then consolidated at lows around 144,300 yuan/mt in the late session, finally closing down 0.88% at 144,300 yuan/mt. Open interest decreased by 13,209 lots. In the spot market, downstream purchase willingness moderated, with purchasing mainly as needed; upstream lithium chemical plants continued to hold prices firm and hold back from selling for spot orders, trading more with downstream through long-term contracts. Overall, market inquiries and actual transactions relatively slowed down.
Jul 24, 2026 18:17
[SMM Analysis] Analysis of LiPF6 Price Changes in September - Shanghai Metals Market (SMM)