TONZE NEW ENERGY TECHNOLOGY CO.(SZ:002759) Di Yi Cai Jing·2025-11-10 11:56Core Viewpoint - The price of lithium hexafluorophosphate has surged significantly, indicating a new cycle in the lithium battery industry, driven by supply-demand imbalances and increased demand from downstream sectors [1][2]. Group 1: Price Trends - The price of lithium hexafluorophosphate doubled from 61,000 CNY/ton on October 8 to 124,000 CNY/ton on November 10, marking a 103% increase [1]. - The Wind lithium hexafluorophosphate index rose from approximately 5,300 points in early August to a peak of 10,031.09 points on November 10, the highest since late August 2022 [1]. - As of November 10, the index closed at 9,734.33, up 2.2% [1]. Group 2: Supply and Demand Dynamics - The lithium hexafluorophosphate market has shifted from oversupply to undersupply due to structural imbalances in supply and demand [2]. - Previous industry losses led some companies to reduce or halt production, resulting in low overall market inventory [2]. - Increased demand from the power battery and energy storage sectors has provided clear support for demand, while supply growth is constrained by production capacity and cautious expansion plans from manufacturers [2]. Group 3: Impact on Companies - The surge in lithium hexafluorophosphate prices has improved profitability for producers, prompting some companies that previously considered production cuts to resume output [3]. - Conversely, the rising costs of lithium hexafluorophosphate have significantly increased production costs for electrolyte and cell manufacturers [3]. - The current tight supply situation is expected to persist in the short term, but a seasonal decline in demand and the gradual resumption of production capacity may lead to a stabilization of prices in the future [3].