Lithium Hexafluorophosphate Prices: During the Quarter Ending December 2023
North America
During the fourth quarter of 2023, the North American Lithium Hexafluorophosphate market encountered significant challenges. Oversupply of the product led to a bearish sentiment, driven by ample inventories and competitive imports. Demand from downstream sectors like battery and cathode manufacturing remained subdued, resulting in minimal inquiries and tepid procurement.
Moreover, the underperformance of the lithium carbonate market further exacerbated the downward price trend of lithium hexafluorophosphate. Among North American countries, the United States witnessed notable pricing fluctuations. Throughout Q4, consumer reluctance toward new purchases persisted, given the abundant material availability domestically.
Overall, the North American Lithium Hexafluorophosphate market grappled with challenges in Q4 2023, including oversupply, weak demand, and the subdued performance of the upstream lithium carbonate market. The lack of enthusiasm for procurement in downstream sectors contributed to limited inquiries and exacerbated market conditions.
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APAC
The fourth quarter of 2023 saw a bearish trend in Lithium Hexafluorophosphate pricing in the APAC region, characterized by high supply and low demand. Influencing factors included high inventories, sluggish procurement, and the poor performance of the upstream lithium carbonate market. China, experiencing significant pricing changes, observed a 2.8% increase in January 2024, despite adequate supply and moderate demand.
The quarter trended bearishly, with a -71% change from the same quarter last year and a -51% change from the previous quarter in China. The primary reason for this bearish trend was the high market inventories, slowing procurement, and consumer destocking. The weakened upstream lithium carbonate market also contributed to negative sentiment.
Europe
In the fourth quarter of 2023, the European Lithium Hexafluorophosphate market faced considerable challenges. Declining demand from the downstream battery industry for cathode active materials (CAM) manufacturing was notable, influenced by weakened business sentiments and economic uncertainties. Additionally, decreased prices of lithium hydroxide, an upstream product, negatively impacted cost support and manufacturing costs for lithium hexafluorophosphate.
The European market was further affected by weakness in the Chinese market, intensifying bearish sentiments. Among European countries, Belgium and Germany experienced significant changes in lithium hexafluorophosphate prices. Consumer reluctance toward new purchases persisted, reflecting ample material availability domestically.
In summary, the Lithium Hexafluorophosphate market in Europe faced challenges in Q4 2023, marked by weak demand, reduced cost support, and the impact of low-priced imports. Despite steady sales in the electric vehicle segment, notable price declines were observed, mirroring overall bearish market conditions.
Get Real Time Prices of Lithium Hexafluorophosphate: https://www.chemanalyst.com/Pricing-data/lithium-hexafluorophosphate-1268
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