SMM Analysis: January Production of Lithium Hexafluorophosphate Increased Month-on-Month Possibly Due to Pre-ordering and Raw Material Stockpiling
SMM, February 8th: In January, China's production of lithium hexafluorophosphate was 10,140 tons, an increase of 20.6% from the previous month and an increase of 23.1% year-on-year. On the demand side, electrolyte manufacturers still maintained a production schedule based on December sales, but some electrolyte manufacturers chose to pre-order February orders in January, leading to a slight increase in demand for lithium hexafluorophosphate. At the same time, as the price of lithium hexafluorophosphate has fallen to the low end of the cost line, some electrolyte manufacturers will purchase lithium hexafluorophosphate for raw material stockpiling. On the supply side, lithium hexafluorophosphate manufacturers have coordinated orders with electrolyte manufacturers, and the operating rate has increased. At the same time, with the end of the deep destocking of lithium hexafluorophosphate manufacturers in December, these manufacturers have begun to build up normal finished product inventories.
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