Price of lithium hexafluorophosphate dropped sharply, decreasing by as much as 69%!

Since the second quarter of 2017, domestic lithium hexafluorophosphate prices have started to decrease from 350,000 yuan / ton to 110,000 yuan / ton in April 2018; lost the advantage of price and decreased by 69%.

In 2018, the domestic price of lithium hexafluorophosphate continued to show a downward trend. Some new manufacturers entered the price of the manufacturer and even entered the marginal cost line. Lithium hexafluorophosphate "high price" exited the market. According to a new manufacturer of lithium hexafluorophosphate in Zhejiang Province, the current price of the company's products is 10.5-11 million yuan / ton, and products no profit. However, there are also some customers with a good customer base and the layout of overseas markets. The product price maintained at around RMB 150,000/ton.

The trend of lithium hexafluorophosphate roller coaster since the second half of 2016 is essentially a reflection of the relationship between supply and demand. In the second half of 2016, the domestic power battery market exploded, the electrolyte just needed to pull up rapidly, the supply of lithium hexafluorophosphate was insufficient, and the price naturally skyrocketed, from 800,000 yuan/ton to 420,000 yuan/ton.

In 2017, although the domestic power battery market continued to maintain rapid growth, compared with the second half of 2016, there is still a clear gap. After the Spring Festival in 2018, the release of new capacity, coupled with the impact of the low battery season of the power battery market . Lithium hexafluorophosphate has nowhere to added, and its price has completely fallen to the altar and once again entered the cabbage price stage.

Since 2017, the main reasons for the sharp decline in lithium hexafluorophosphate prices are:

1. The growth rate of the power battery market is not as good as expected. In 2017, the power battery market grew by approximately 21.5%. By April 2018, the power battery market is in the off-season of the industry, and market demand is at a low point.

2. Since 2017, the price of cathode materials has increased substantially. Battery companies have started to reduce costs from electrolytes, anodes and separators. From last year and the first quarter of this year, electrolyte prices have dropped significantly. From the perspective of electrolytes, it hoped that companies in the lithium salt plant, including additives, would give more support to relieve stress.

3. The new capacity released in large quantities. According to Xinyi's statistics, as of April 2018, domestic lithium hexafluorophosphate capacity reached 38,900 tons, and 12,000 tons of capacity added before and after 2019. The domestic supply of lithium hexafluorophosphate is obviously excessive.

4. If new lithium hexafluorophosphate manufacturers want to seize the market as soon as possible, low price strategy is the most direct ways. Since the second half of 2017, some new expansion projects that have capacity, as well as expansion projects of old manufacturers, have broken off. Production capacity is obviously overcapacity. In order to come back into the market as soon as possible, new manufacturers will seize the customers and adopt low-cost marketing methods. Directly killed price system of lithium hexafluorophosphate, and once again get into the meager profit stage.

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