Xin Lang Cai Jing·2025-10-14 11:57Core Viewpoint - The price of lithium hexafluorophosphate has surged past 70,000 yuan per ton, reflecting a nearly 50% increase over three months due to rising downstream demand, particularly in lithium batteries and energy storage applications [1][2]. Industry Summary - The average price of lithium hexafluorophosphate reached 73,800 yuan per ton on October 14, 2023, up by 500 yuan from the previous day, following a significant drop below 50,000 yuan in mid-July [1]. - The increase in price is primarily driven by strong demand from the lithium battery sector, which has seen a "chip shortage" phenomenon, alongside the seasonal uptick in orders during the "golden September and silver October" period [2]. - Analysts indicate that the current price trend is supported by a structural change in industry demand and a reduction in the oversupply situation, suggesting a new cycle in the lithium battery industry is beginning [4]. - Despite the positive outlook, some analysts caution that the industry has not yet experienced substantial fundamental improvements, with ongoing overcapacity issues still present [5][6]. - The monthly operating rate for lithium hexafluorophosphate in September was reported at 62.5%, an increase of 7.5 percentage points from August, driven by larger enterprises ramping up production [7]. - The market is expected to maintain a strong price trend in the short term, but there are anticipations of a price decline in December due to seasonal demand fluctuations [6][7].