The price of lithium hexafluorophosphate hits a 5-year high

Since the beginning of this year, the domestic lithium hexafluorophosphate market has been trending strongly and prices have risen sharply
.
At the beginning of this year, the price of lithium hexafluorophosphate was 110,000 yuan (ton price, the same below).

The industry believes that the price increase of lithium hexafluorophosphate is mainly due to the rapid development of the new energy automobile industry
.
Lithium hexafluorophosphate is the core raw material of lithium battery electrolyte, and its cost accounts for about 43% of the entire electrolyte production cost

According to data from the China Association of Automobile Manufacturers, in the first five months, China's new energy vehicle production and sales exceeded 900,000, reaching 967,000 and 950,000 respectively, an increase of 2.
2 times year-on-year
.

From the perspective of supply, the implementation of the lithium hexafluorophosphate project needs to pass the approval of multiple departments such as environmental protection and safety, and the expansion cycle is relatively long, generally 1 to 2 years, and there are not many effective production projects this year
.
Under the situation of substantial growth in demand, although companies have stepped up production, they are still unable to meet market demand.

However, due to the excessive increase, the price of lithium hexafluorophosphate has basically entered the top area.
Even if the market outlook rises again, the rate of increase may slow down
.
Some companies also said that the price increase of lithium hexafluorophosphate is mainly caused by the tension between supply and demand.