Supply and demand tug-of-war: Lithium hexafluorophosphate is "priced but not sold," and market competition has entered a fierce stage

Lithium hexafluorophosphate prices continued to rise sharply, with tight supply in the market. Low-priced orders were primarily for previous contracts, and spot transactions were not being conducted at low prices. Lithium carbonate futures fluctuated throughout the day. Major lithium mining companies held a bullish view on the lithium carbonate market, and this bullish sentiment across the industry chain gradually materialized. However, major core orders have not yet been updated, and companies are currently holding off on new orders and not reporting any trend. Driven by the increasing demand for energy storage, lithium salt companies are facing increasing delivery pressure , leading to further price increases. 

Current transaction prices have risen significantly. Demand is showing significant growth, and leading upstream and downstream companies are still negotiating long-term contracts, with neither side willing to compromise on prices, resulting in delayed contract signings. Spot market prices are fluctuating rapidly and showing strong upward momentum. Some companies are constrained by capacity limitations or production line shutdowns, limiting their short-term production expansion potential; others, due to long-term losses, are cautious about significant production increases and are only moderately increasing output. The price of raw material lithium fluoride has risen accordingly, and demand in the energy storage and power sectors remains strong. Orders from core enterprises are expected to increase gradually as bulk shipping volume rises. The market is currently in a critical period of sentiment-driven competition. We remain cautious about the long-term resilience of the lithium hexafluorophosphate market, but we are still optimistic about the long-term growth rate of demand.