In October 2024, China's LiPF6 production increased 9% MoM and 52% YoY. This growth is mainly attributed to the rise in end-use market demand and the overall industry demand, with the operating rate of LiPF6 factories improving compared to the previous month. In October, LiPF6 prices slightly increased due to raw material factors. Currently, downstream buyers are cautious, with orders primarily on a spot sale and production basis, and inventory levels remain low. Additionally, the operating rate of battery cell enterprises improved compared to September, and LiPF6 factories flexibly adjusted production according to market demand, resulting in a significant increase in production.
In October, the prices of lithium fluoride and anhydrous hydrogen fluoride both increased, leading to adjustments in LiPF6 prices. The changes in raw material prices gradually transmitted to LiPF6, with the average price of LiPF6 rising from 54,875 yuan/mt to 55,125 yuan/mt, an increase of 0.45%.
Looking ahead to November, end-use demand is expected to rise, driving increased demand for LiPF6. China's LiPF6 production in November is expected to increase approximately 6% MoM and 70% YoY.
[SMM Data] LiPF6 production increased MoM in October, and output is expected to continue growing next month.
- Nov 08, 2024, at 4:46 pm
- SMM
[SMM Data: LiPF6 October Production Data] LiPF6 production in October 2024 was up 9% MoM, with an expected increase of 6% in November.
