Lithium hexafluorophosphate technical barriers next year production capacity gap continues to expand

Since the beginning of this year, with the rapid growth of new energy vehicle production and sales, the market demand for electrolyte, one of the four major materials of lithium batteries, has grown rapidly
.
The capacity gap of lithium hexafluorophosphate, which is the raw material for electrolytes, has been expanding, resulting in the price of lithium hexafluorophosphate rising all the way this year and has nearly doubled
.
Under this situation, many lithium hexafluorophosphate manufacturers are actively expanding production capacity to fill the capacity gap
.
From the current production cycle, the gap in lithium hexafluorophosphate production capacity will still continue to expand next year, and the price is still bullish
.

As a leading enterprise in the domestic electrolyte industry, the lithium hexafluorophosphate produced by Tianci Materials Company is mainly used as the raw material
for its own lithium battery electrolyte.
With the rapid expansion of downstream new energy vehicles and the increasingly tight production capacity of lithium batteries, the demand for electrolytes is increasing
.
A research report predicts that the company will continue to maintain this year's shipment growth rate next year, and the electrolyte sales will exceed 20,000 tons next year, and it is expected that 2,500 tons
of lithium hexafluorophosphate will be required.

In fact, in addition to Tianci materials, the investment boom of lithium hexafluorophosphate has risen
.
Xintai Materials announced on November 6 this year that it plans to invest in a new lithium hexafluorophosphate production plant with an annual output of 6,000 tons on the basis of the existing lithium hexafluorophosphate plant with an annual output of 1,080 tons, in order to form a production scale of 7,080 tons of lithium hexafluorophosphate per year, and the project is expected to invest 250 million yuan
.
The company said that after the project is fully completed, the sales price of lithium hexafluorophosphate is calculated at 120,000 yuan / ton, and in theory, the company can form sales revenue of 850 million yuan for the whole year, achieve a total profit of 283.
2 million yuan, and a net profit of 210 million yuan
.

With the rapid rise in demand for lithium hexafluorophosphate, the price of lithium hexafluorophosphate has also risen this year
.
Market sources said that the current shipment price of lithium hexafluorophosphate has reached 160,000 yuan / ton - 180,000 yuan / ton, which has doubled compared with the same period last year
.
And all of them have to be bought
in cash.
The research report of Essence Securities also shows that at present, the pickup price of lithium hexafluorophosphate small customers has reached 220,000 yuan / ton, and the average price is expected to reach 200,000 yuan / ton by the end of December, an increase of 150% over the beginning of
the year.

It is understood that lithium hexafluorophosphate has high technical barriers, entering the downstream supply chain requires a long certification period, the new effective production capacity is slow, the expansion cycle takes at least one year, including the new lithium hexafluorophosphate production capacity of listed companies such as polyfluoride is basically not put into production
at the end of 2016.
Even with the production capacity released by the transformation of the old line, it is expected that the production capacity of lithium hexafluorophosphate next year will only be 15,000 tons, that is, the gap of lithium hexafluorophosphate next year will still be 3,000 tons, and the supply is still very tight
.