Core Insights - The lithium battery market is experiencing a surge in demand, leading to a significant increase in the price of lithium hexafluorophosphate, which has risen by 44% since September 15, with a recent spike of 33% in the last ten days [1][2] - The price increase is driven by strong demand recovery and tight supply conditions, with downstream manufacturers operating at full capacity [2][3] - Phosphate iron lithium production capacity utilization has reached 73.46%, indicating a prosperous phase for the industry [4][5] Price Trends - As of October 21, the average price of lithium hexafluorophosphate reached 80,750 yuan per ton, up from 55,900 yuan per ton on September 15, marking a 44.45% increase [2] - The price surged by 20,100 yuan per ton in just ten days post the National Day holiday, reflecting a rapid upward trend [2] - Analysts predict that prices may continue to rise, with expectations that the price could reach 90,000 yuan per ton soon [2] Supply and Demand Dynamics - The current market for lithium hexafluorophosphate is characterized by low inventory levels, with most manufacturers operating at full capacity and limited supply growth anticipated in the short term [2] - The production strategies of upstream manufacturers have been cautious during previous industry downturns, resulting in minimal capacity expansion [2] - The phosphate iron lithium sector is witnessing a significant increase in production capacity utilization, with a reported 9% increase in output in September [4][5] Industry Structure - The lithium hexafluorophosphate industry is highly concentrated, with major players including Tianqi Lithium, Molybdenum, Tianji, and Shida Shenghua [3] - Tianqi Lithium leads with an annual production capacity of approximately 105,000 tons, holding over 35% of the global market share for electrolytes [3] - A recent collaboration agreement by Tianqi Lithium for 800,000 tons of electrolyte with a leading energy storage company indicates strong future demand [3] Market Outlook - The phosphate iron lithium market is expected to continue its upward trend, with increased production and sales anticipated in the coming months [5] - Analysts suggest that the supply-demand relationship is improving, which may lead to a non-linear recovery in profitability levels for companies in the sector [5] - The expectation of securing more long-term contracts by leading battery companies could further drive price increases for lithium materials [5]
锂电材料供需逆转！六氟磷酸锂价格跳涨 磷酸铁锂产能利用率进入繁荣区间
Shang Hai Zheng Quan Bao·2025-10-21 23:05