Lithium Hexafluorophosphate Prices

Lithium Hexafluorophosphate Prices June 2024

During Q2 2024, the lithium hexafluorophosphate prices in China reached 7778 USD/MT in June. The prices experienced a significant decline due to increased production, oversupply, global economic challenges, and decrease in demand for electric vehicles (EVs), particularly impacting China.

Lithium Hexafluorophosphate Prices March 2024

During Q1 2024, the lithium hexafluorophosphate prices in China reached 8989 USD/MT in March. The region experienced mixed dynamics for lithium hexafluorophosphate characterized by ample inventories and low demand. This resulted in decreased prices in the market. The market scenario remains steady with restricted trading activities.

Lithium Hexafluorophosphate Prices December 2023

The price trend for lithium hexafluorophosphate in China for Q4 2023, reached 10,675 USD/MT in December. The market was under pressure from increased inventories and low procurement rates. The oversupply situation led to a conservative approach among buyers, who preferred to deplete existing stocks rather than place new orders. The sluggish lithium carbonate market further contributed to the downward pressure on prices.

Regional Coverage

The report provides a detailed analysis of the lithium hexafluorophosphate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the lithium hexafluorophosphate price trend.

Global Lithium Hexafluorophosphate Price

The report offers a holistic view of the global lithium hexafluorophosphate pricing trends in the form of lithium hexafluorophosphate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into lithium hexafluorophosphate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into lithium hexafluorophosphate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed lithium hexafluorophosphate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Lithium Hexafluorophosphate Price

Q2 2024:

In the second quarter of 2024, the market in Europe experienced stability amid consistent production and supply levels. While transportation issues like increased shipping rates affected the industry, overall market impact was minimal. Reduced subsidies and unpredictability in the economy resulted in subdued demand from the electric vehicle sector. Although Belgium witnessed some price volatility, the market predominantly stayed steady. The European electric vehicle industry's changing demand dynamics and logistical obstructions caused the pricing trend to remain steady throughout the quarter.

Q1 2024:

In Q1 2024, the European market faced obstacles due to oversupply, leading to decreased demand and lower prices. The continued product requirement for the manufacturing of the lithium-ion batteries caused cautious consumer behaviour. Chinese market dominance expanded, impacting European and US markets. Despite this, Belgium experienced a rise in battery electric vehicle sales, contradicting the overall market trend. European, Chinese, and US EV manufacturers continued engaging in pricing competition, with occasional market disruptions.

Q4 2023:

The market in Europe saw a downturn in the last quarter of 2023, primarily due to reduced usage of lithium hexafluorophosphate from the battery sector, including cathode active material production. Economic uncertainties and a cautious consumer approach dampened business sentiment, further weakening market conditions. Lower costs for lithium hydroxide, a key upstream commodity, reduced price support for manufacturers. Additionally, the soft Chinese market negatively impacted European pricing, leading to a reluctance among buyers to engage in new purchases. Markets in Belgium and Germany were particularly affected, showing a bearish trend.

This analysis can be extended to include detailed lithium hexafluorophosphate price information for a comprehensive list of countries.

North America Lithium Hexafluorophosphate Price

Q2 2024:

During the second quarter of 2024, the North American market experienced price fluctuations due to increasing shipping costs, limited freight capacity, and disturbances in major trade routes. Higher shipping rates increased costs for essential precursors like lithium fluoride and lithium carbonate, contributing to elevated prices. Although end user demand remained steady, a decrease in new purchase orders combined with rising import expenses led to an overall upward price trend, particularly in the U.S. The market's pricing remained steady with minor increases, driven by transportation issues and evolving demand patterns in the automotive sector.

Q1 2024:

In the first quarter of 2024, the North American region experienced a significant decrease in lithium hexafluorophosphate prices. This was caused by a number of variables, such as slow market transactions, abundant material availability, and decreased consumption in end user industries.  The market for lithium salts, including lithium hexafluorophosphate, was impacted by excess availability of feedstock and limited utilization rates, despite the continuous growth in sales of electric vehicles.

Q4 2023:

In late 2023, the market in North America faced difficulties due to oversupply and weak orders from key industries such as battery and cathode manufacturing. This was exacerbated by high inventory levels and continued imports of lower-cost goods, creating a bearish sentiment. The subdued demand for lithium carbonate also contributed to declining price trends. The USA, in particular, saw price fluctuations, driven by ample domestic stockpiles and absence of purchasing interest from consumers, who were hesitant to make new acquisitions amidst plentiful availability.

Specific lithium hexafluorophosphate historical data within the United States and Canada can also be provided.

Middle East and Africa Lithium Hexafluorophosphate Price

The report explores the lithium hexafluorophosphate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on lithium hexafluorophosphate prices for countries can also be provided.

Asia Pacific Lithium Hexafluorophosphate Price

Q2 2024:

In the second quarter of 2024, the Asia Pacific region saw a consistent decrease in lithium hexafluorophosphate prices due to heightened production levels creating an oversupply. Contributing to this trend were economic hurdles and decreased demand from the EV industry. Particularly, China witnessed major fluctuations, with prices dropping compared to Q2 2023. Seasonal factors added to the downward pressure as Q2 traditionally experiences lower demand.

Q1 2024:

In Asia Pacific, the market showed mixed sentiments in the first quarter of 2024. High inventories and low demand impacted the market, particularly in China. The economic slowdown globally and oversupply of feedstocks further resulted in falling prices. The Panama Canal drought and conflict in the Middle East exacerbated supply chain constraints, disrupting trade and logistics. However, the market outlook remained balanced, with little trading activity.

Q4 2023:

During Q4 2023, the market in the Asia Pacific was marked by increased supply and reduced demand, driven by large inventories and slow procurement activities. A challenging market climate emerged due to cautious purchasing behavior and the overall sluggish performance of the upstream lithium carbonate market. China saw notable pricing shifts influenced by adequate supply levels and moderate need. The market remained bearish, with consumers adopting a wait-and-see approach, leading to inventory reductions rather than new orders.

This lithium hexafluorophosphate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Lithium Hexafluorophosphate Price

The analysis of lithium hexafluorophosphate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Lithium Hexafluorophosphate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Lithium hexafluorophosphate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of lithium hexafluorophosphate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of lithium hexafluorophosphate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of lithium hexafluorophosphate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing lithium hexafluorophosphate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Lithium Hexafluorophosphate Market Analysis

The global lithium hexafluorophosphate industry size reached US$ 3.7 Billion in 2023​. By 2032​, IMARC Group expects the market to reach US$ 10.9 Billion, at a projected CAGR of 12.90% during 2023-2032.

• The growing adoption of EVs due to the rising awareness among the masses about the negative impact of carbon emissions is catalysing the demand for lithium-ion batteries. This, in turn, is increasing the demand for lithium hexafluorophosphate, which is a key raw material to produce these batteries. According to the International Organization of Motor Vehicle Manufacturers (OICA), the global electric vehicle (EV) sales worldwide is projected to reach 20 million by 2025.
• Lithium hexafluorophosphate is gaining traction on account of innovations in lithium-ion batteries to enhance their efficiency and performance. It plays a critical role in electrolyte solution, which is responsible for extended battery life and faster charging times of lithium-ion batteries.
• As per the International Energy Agency’s report, 42% of global energy generation will be sourced from renewable energy resources by 2028. There is a rise in the demand for renewable energy sources, such as solar and wind, which rely on storage systems to manage supply and demand. These storage solutions require efficient and reliable batteries, thereby positively influencing the sales of lithium hexafluorophosphate.
• The production of lithium hexafluorophosphate witnessed a positive trajectory in the market due to the rising reliance on smartphones, tablets, and laptops. Lithium hexafluorophosphate is a high-quality electrolyte used to manufacture the batteries of these electronic devices.
• Key manufacturers are introducing advanced methods to produce lithium hexafluorophosphate to improve its stability and purity while catering to buyer demands and needs.
• The lithium hexafluorophosphate market share has been further reinforced by increasing investments in research and development (R&D) activities to enhance the performance and quality of electrolyte to meet the evolving needs of battery manufacturers around the world.
• The demand for products with lower environmental footprints is offering a favorable outlook for the development of advanced technologies in battery production, along with improved quality electrolytes like lithium hexafluorophosphate.

Lithium Hexafluorophosphate News

The report covers the latest developments, updates, and trends impacting the global lithium hexafluorophosphate industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in lithium hexafluorophosphate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the lithium hexafluorophosphate price trend.

Latest developments in the lithium hexafluorophosphate industry:

• In May 2023, MCG Group and Koura, an Orbia business, signed a memorandum to strengthen the supply chain for formulated electrolytes in North America, addressing the growing demand for EVs and local battery production. This collaboration focuses on enhancing supply chains and advancing technology for lithium hexafluorophosphate, a key material in lithium-ion batteries. 
• In February 2024, GFCL EV Products Ltd commenced commercial production of lithium hexafluorophosphate LiPF6, a crucial raw material for lithium-ion batteries. The company has also announced a significant investment of Rs.6,000 crore over the next 4-5 years to enhance supply capabilities.

Product Description

Lithium hexafluorophosphate is an inorganic salt, which is composed of lithium ions. It is known for its crucial role as an electrolyte in lithium-ion batteries. The movement of ions is facilitated by lithium hexafluorophosphate while offering ionic conductivity for the electric charge transfer between cathode and anode during battery operation.

It forms an effective conductive electrolytic solution, as its molecular structure helps it in dissolving in organic solvents utilized in lithium-ion batteries. Its ability to perform under extreme temperatures and pressures make it an ideal choice for various battery applications.

The versatility of lithium hexafluorophosphate underscores its pivotal role in the fast-growing sectors like electric vehicles (EVs) and renewable energy. Its contribution to faster charging times and longer battery life with low viscosity remains integral in modern battery technology.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of lithium hexafluorophosphate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting lithium hexafluorophosphate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The lithium hexafluorophosphate price charts ensure our clients remain at the forefront of the industry.