锂电材料供需逆转 磷酸铁锂产能利用率进繁荣区间

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 just ten days [1][2] - The price increase is driven by strong demand recovery and a tight supply situation, with downstream manufacturers of electrolytes and batteries showing significant demand [2][4] - The capacity utilization rate for lithium iron phosphate has reached 73.46%, indicating a prosperous phase for the industry [1][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 has seen a rapid increase post the National Day holiday, with a 33.14% rise in just ten days [2] - The current market conditions suggest that prices may continue to rise, with expectations that the price could reach 90,000 yuan per ton [2] Supply and Demand Dynamics - The lithium hexafluorophosphate industry is characterized by high concentration, with major producers including Tianqi Lithium, Molybdenum, and others [3] - Current inventory levels in the lithium hexafluorophosphate market are at a low point, and any new production capacity will take at least a year to come online [2][3] - The lithium iron phosphate market is also seeing increased production, with a reported output of 358,400 tons in September, reflecting a 9% month-over-month increase [4][5] Industry Capacity Utilization - The capacity utilization rate for lithium iron phosphate has increased by 3.6 percentage points from the previous month, entering a prosperous zone [5] - Leading companies in the lithium iron phosphate sector are operating at full capacity, while secondary tier companies are gradually ramping up production [6] - The ongoing demand is expected to lead to further price increases and a continuation of high production levels in the coming months [6]