智通财经网·2025-09-04 06:01Core Viewpoint - The lithium hexafluorophosphate (6F) market is currently in a tight balance, with potential supply-demand gaps expected next year if industry growth continues. The price of lithium hexafluorophosphate is anticipated to rise further due to strong demand from the energy storage sector and robust order backlogs from leading manufacturers [1][4]. Group 1: Demand and Production Trends - Strong downstream demand is evident, with lithium battery production data consistently exceeding expectations. The production of lithium batteries is projected to grow by over 15% quarter-on-quarter in Q3 2025 [1]. - The global energy storage battery shipments reached 240 GWh in the first half of this year, marking a 106% year-on-year increase, driven by a shift from strong allocation to market competition in the domestic energy storage market [3]. Group 2: Price Movements - Recent price increases for lithium hexafluorophosphate have been noted, with public prices rising to between 55,000 and 58,500 CNY per ton, reflecting an increase of over 8,000 CNY per ton from the bottom [2]. - The price increase is attributed more to supply-demand dynamics rather than fluctuations in lithium carbonate prices, which have contributed approximately 3,000 to 5,000 CNY per ton to costs [2]. Group 3: Supply Dynamics - The nominal capacity utilization rate in the 6F industry has reached 70%, with the top three companies operating at full capacity. However, lower-tier producers are experiencing significant losses and have low willingness to operate [4]. - The current supply-demand situation is expected to remain tight in the coming months, with potential supply gaps anticipated next year if demand continues to grow [4].