SunSirs: The Market Price of Lithium Hexafluorophosphate Declined (May 6-9)
May 10 2024 15:07:53 SunSirs (John)
Price trend
According to data monitoring by SunSirs, as of May 9, 2024, the market price of lithium hexafluorophosphate had declined. As of May 9, the mainstream price of lithium hexafluorophosphate was around 70,000-71,000 RMB/ton.
Analysis review
In terms of raw materials:
According to SunSirs, on May 9th, the benchmark price of lithium carbonate was 109,200.00 RMB/ton, an increase of 0.74% compared to the beginning of this month (108,400.00 RMB/ton).
Downstream side:
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 weak and declining in the near future. More information still needs to be focused on the raw material market.
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