The peak of production capacity will drop to over 30% of lithium hexafluorophosphate

Lithium hexafluorophosphate, which has skyrocketed in the last round of lithium battery expansion, has continued to adjust. The latest price shows that the price per ton of lithium hexafluorophosphate is around 300,000 yuan, which is more than 30% more than the accumulated maximum of 400,000 yuan/ton in 2016.

According to the data, companies such as Polyfluoride, Tianci Materials, Bikang, Xintai Materials, Shida Shenghua, Yongtai Technology, BYD, etc. plan to increase the production capacity of lithium hexafluorophosphate from the end of 2015 or 2016. It is expected that lithium hexafluorophosphate will be ushered in the first half of 2017. A wave of peak capacity release.

According to data released by the industry, China's lithium hexafluorophosphate capacity was 16,700 tons in 2016, but the supply gap is still around 2,000 tons. With the completion of the expansion of major lithium salt manufacturers in 2017, the actual production capacity of lithium hexafluorophosphate is expected to reach 30,000 tons. Gao Bing, a senior lithium battery analyst, expects that the supply of lithium hexafluorophosphate will be slightly larger than demand, and prices will fall.

In the electrolyte, the cost of lithium hexafluorophosphate accounts for about 70%. In the context of the price reduction trend has been set, the price reduction of lithium hexafluorophosphate will also drive down the price of electrolytes. Electrolyte leader New Qibang Securities Department said in a telephone interview that as new capacity is put into production, the tight supply of lithium hexafluorophosphate will be eased, prices will be lowered, and the corresponding electrolyte prices will also be lowered.

Although the electrolyte market is welcoming an inflection point, an electrolyte company executive believes that as the industry develops into a mature period, resources are continuously optimized and the industry concentration will gradually increase, and the situation of strong corporate strength will emerge. Only companies with technological leadership and supply advantages can keep up with the development of large-scale lithium battery plants, and then gain greater market share in the fierce market competition.

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