Lithium Hexafluorophosphate Prices Decline as Industry Enters Supply-Demand Rebalancing Phase

MetaMuskRat · 2026-03-21T03:29:29+00:00

On March 20th, the lithium hexafluorophosphate market continued its downward trend, with prices reported at 111,000 yuan/ton, down more than 38% from the peak in December of last year. Experts point out that the price correction stems from the industry's transition from irrational expansion to supply-demand rebalancing, with intensified supply-demand contradictions and declining demand putting short-term pressure on prices.

MetaMuskRat

2026-03-21 03:29:29

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People’s Financial News, March 21 — On March 20, the domestic market for lithium hexafluorophosphate continued its weak downward trend. According to spot data from the Yangtze Gold & Silver Network on the same day, the average price of lithium hexafluorophosphate in China was 111,000 yuan/ton. Compared to the peak of 180,000 yuan/ton in December 2025, the price has fallen by over 38% in less than three months, with the core raw material prices for lithium-ion battery electrolytes dropping significantly. Lithium hexafluorophosphate is the key electrolyte material for lithium-ion batteries, and its price fluctuations directly reflect the supply and demand game in the upstream and downstream of the lithium battery industry chain. It has also become an important indicator of industry prosperity. Regarding the main reason for this round of price correction, Lin Boqiang, director of the China Energy Policy Research Institute at Xiamen University, told reporters: “The current price correction is essentially a transition from irrational industry expansion to supply and demand rebalancing. In 2025, industry capacity growth will far exceed demand growth, coupled with seasonal demand decline after the Spring Festival, making short-term price pressure inevitable.” (Securities Daily)

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