SunSirs: The Lithium Hexafluorophosphate Market Weakly Declined in May
June 04 2024 15:08:49 SunSirs (John)
Price trend
The lithium hexafluorophosphate market declined weakly in April. As of May 31st, the mainstream price of lithium hexafluorophosphate was around 68,000 to 69,000 RMB/ton.
Analysis review
In terms of raw materials:
This month, the price of raw material lithium carbonate in the market tended to be weaker and downward, but the cost side continued to be under pressure. With the continuous increase in lithium carbonate production and decent market trading volume, there were a small number of individual purchases. According to the monitoring system of SunSirs, as of May 31st, the benchmark price of battery grade lithium carbonate in SunSirs was 109,400.00 RMB/ton, a decrease of 5.20% compared to the beginning of this month (115,400.00 RMB/ton).
Downstream aspect:
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 is expected to decrease, but overall, the production cost pressure on lithium hexafluorophosphate enterprises remains significant. Most enterprises mainly consume inventory. Overall, it is expected that the lithium hexafluorophosphate market will operate weakly and steadily.
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