China’s LiPF6 Price Plunged In March, to Slow Declines In April

SHANGHAI, Apr 21 (SMM) – China’s LiPF6 prices averaged 132,783 yuan/mt in March, a month-on-month drop of 29.8%. The downstream demand fell short of expectations. As the shelf life of lithium hexafluorophosphate is 3-6 months, so it should not be stored for too long.

With no hope of short-term recovery of demand, the prices of lithium hexafluorophosphate dropped rapidly against peer competition and downstream buyers pushing for lower prices.

Lithium hexafluorophosphate prices are expected to fall slowly in April. Lithium hexafluorophosphate has entered the state of deep destocking. Since the current prices of have fallen below the break-even point of producers, they raised their prices.

But the oversupply combined with continuously falling lithium carbonate prices will continue to lower lithium hexafluorophosphate prices. The price drop will slow, though.