Zhi Tong Cai Jing·2025-11-05 05:50Core Viewpoint - Lithium battery stocks have seen a significant rise, driven by a sharp increase in lithium hexafluorophosphate prices, indicating strong demand and potential for a price increase cycle in the industry [1] Group 1: Stock Performance - Zhongxin Innovation (03931) rose by 5.73% to HKD 32.5 [1] - Tianqi Lithium (09696) increased by 5.63% to HKD 46.9 [1] - Zhengli New Energy (03677) gained 3.91% to HKD 9.3 [1] - Ganfeng Lithium (01772) saw a rise of 3.03% to HKD 48.94 [1] Group 2: Price Trends - As of November 3, the price of lithium hexafluorophosphate reached a peak of CNY 117,000 per ton, nearly doubling since early October [1] - The rapid price increase began in mid-September, with expectations of a continued tight supply situation until 2026 [1] Group 3: Company Insights - Companies like Shida Shenghua (603026) and Xinzhou Bang (300037) reported full order books and increasing demand for lithium hexafluorophosphate [1] - Multi-Fluor (002407) management noted a high certainty in market demand but anticipated more rational price fluctuations compared to previous cycles [1] Group 4: Market Outlook - Open Source Securities indicated that the rapid price increase of lithium hexafluorophosphate may suggest a resolution of supply-demand conflicts in some lithium battery materials, potentially leading to a price increase cycle [1]