Zheng Quan Ri Bao Wang·2025-11-02 12:44Core Insights - The price of lithium hexafluorophosphate has surged significantly, reaching 107,500 yuan/ton in October, a 76.23% increase from 61,000 yuan/ton at the end of September [1] - The rise in price is attributed to increased market demand and reduced inventory, benefiting production companies directly [1] Price Trends - After peaking at 565,000 yuan/ton in the second half of 2021, the price fell to a low of 49,300 yuan/ton in July 2023 before stabilizing and rebounding [1] - From October 28 to 31, the price consistently exceeded 100,000 yuan/ton [1][2] Market Demand and Supply - Companies like Tianji New Energy Technology Co., Ltd. and Guanzhou Tinci Materials Technology Co., Ltd. report strong market demand, with Tianji's spot prices reaching 110,000 yuan/ton [2] - The market for lithium hexafluorophosphate is in a tight balance, with expectations for continued price increases into the end of the year [2] - The demand for lithium hexafluorophosphate is driven by the booming markets for energy storage and power batteries, alongside rising costs of lithium carbonate, a key raw material [2] Industry Performance - The concentration of the lithium hexafluorophosphate industry is increasing as inefficient capacities are phased out, with future supply growth expected mainly from leading companies [3] - Tinci Materials reported a revenue of 10.843 billion yuan for the first three quarters of the year, a 22.34% increase year-on-year, with a net profit of 421 million yuan, up 24.33% [3] - Multi-Flor Multi reported a revenue of 6.729 billion yuan and a net profit of 78.05 million yuan, a significant increase of 407.74% year-on-year [3] Company-Specific Insights - Tianji's revenue for the first three quarters was 1.786 billion yuan, with a year-on-year growth of 23.00%, although the company continued to incur losses due to long-term contracts at lower prices [4] - The company expects to turn a profit in the fourth quarter as the market conditions improve [4] Future Outlook - Leading companies are actively pursuing opportunities in solid-state batteries and advancing research on sulfide electrolytes to strengthen their competitive edge [5]