Industry Insider: Supply and demand mismatch leading to the price increase of lithium hexafluorophosphate this round.

Recently, lithium hexafluorophosphate is stirring up the new energy industry chain with a "one price per day" trend. Currently, some market prices are as high as 150,000 yuan/ton, and mainstream transaction prices have doubled since mid-October. In the rising price trend, lithium hexafluorophosphate manufacturers are generally reluctant to sell, some manufacturers have stopped quoting prices to the outside world, and have shortened the accounts receivable period for downstream customers, requiring small and medium customers to pay cash on delivery or make prepayments. Insiders point out that the core reason for the price increase of lithium hexafluorophosphate in this round is the mismatch between supply and demand: on the one hand, the downstream market demand is experiencing explosive growth; on the other hand, many small and medium-sized enterprises are accelerating their exit under the pressure of losses, leading to a contraction in the supply side. In addition, the short-term effective production capacity is difficult to release quickly, further exacerbating the supply-demand imbalance. It is worth mentioning that the price increase of lithium hexafluorophosphate has spread to the electrolyte stage and gradually formed a positive feedback loop in the industry chain. In the view of most interviewees, lithium hexafluorophosphate will maintain a tight balance between supply and demand in the short term, and prices will rise easily but fall difficultly. And in the cautious atmosphere of expanding production, the subsequent overall trend of the industry chain will tend to be a benign recovery, and profits in each link will stabilize at a reasonable level.