SunSirs: The Lithium Hexafluorophosphate Market Weakly Declined in April
May 06 2024 11:34:26 SunSirs (John)
Price trend
The lithium hexafluorophosphate market declined weakly in April. As of April 28th, the mainstream price of lithium hexafluorophosphate was around 7,100-7,200 RMB/ton.
Analysis review
In terms of raw materials:
This month, the price of raw material lithium carbonate remained stable, with only a slight decrease. According to customs data, the domestic import of lithium carbonate in March was about 19,043 tons, a month on month increase of about 64%, reflecting a more significant growth rate in the domestic import supply of lithium carbonate. According to the monitoring system of SunSirs, as of April 26th, the benchmark price of SunSirs lithium carbonate was 108,400.00 RMB/ton, an increase of 1.31% compared to the beginning of this month (107,000.00 RMB/ton).
Downstream side:
Downstream electrolyte companies had a wait-and-see attitude, with a cold purchasing atmosphere and only maintaining a rigid demand for purchases. 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. Overall, the downstream mainly focused on observation.
Market outlook
According to data analysts from SunSirs, the price of raw material lithium carbonate had slightly decreased, but overall, the production cost pressure on lithium hexafluorophosphate enterprises remained significant. Most enterprises mainly consumed inventory. Overall, it is expected that the lithium hexafluorophosphate market will operate weakly and steadily.
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