Price trend

According to data monitoring by SunSirs, as of May 20, 2024, the market price of lithium hexafluorophosphate had declined. As of May 20, the mainstream price of lithium hexafluorophosphate was around 69,000 to 70,000 RMB/ton.

Analysis review

In terms of raw materials:

According to SunSirs, on May 20th, the benchmark price of lithium carbonate was 106,800.00 RMB/ton, a decrease of 1.48% compared to the beginning of this month (108,400.00 RMB/ton).

Downstream:

The purchasing demand atmosphere for downstream electrolyte enterprises was lukewarm, only maintaining the purchase of essential goods. Due to some enterprises having a certain amount of reserves, their demand for raw materials was not active, market transmission was not smooth, and there was no good news.

Market outlook

According to data analysts from SunSirs, due to continuous cost pressures and weak demand from downstream electrolyte companies, the lithium hexafluorophosphate market will be weakly declining in the near future. More information still needs to be focused on the raw material market.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.