Lithium Fluoride Prices Trend, Monitor, News, Analytics and Forecast | ChemAnalyst

 


Lithium Fluoride Prices: During the Quarter Ending December 2023

North America

In Q4 2023, the Lithium Fluoride market in North America maintained stability amidst moderate supply and a bearish market outlook. Demand from the downstream lithium hexafluorophosphate market in cathode active material (CAM) manufacturing remained weak, with purchases primarily driven by necessity. Market sentiments stabilized overall, with Asian market players maintaining firm procurement rates.

Demand from the automotive industry remained steady, while domestic Lithium Fluoride supply stayed moderate, with slight declines in imports. Weak demand persisted in the downstream lithium hexafluorophosphate market for CAM production due to ample material availability domestically.

Price changes from the previous year's Q4 showed a 60% decrease, while the percentage change from the previous quarter was 30%. The price comparison between the first and second half of the quarter indicated a 3% decline. The latest price of Lithium Fluoride CIF New York Port in the USA for the current quarter stood at USD 57500/MT, with no reported plant shutdowns.

Get Real Time Prices of Lithium Fluoride: https://www.chemanalyst.com/Pricing-data/lithium-fluoride-1266

APAC

In Q4 2023, the Lithium Fluoride market in the APAC region remained stable with high supply and low to moderate demand. Stable market sentiments were observed in India, with marginal price increases. China experienced a bullish market situation with moderate supply and slight demand improvement from the automotive sector. An increase in cost support from the upstream anhydrous hydrofluoric acid market led to slight price increments. Procurement rates in China remained low amid sufficient material availability.

Price changes in China from the previous year's Q4 indicated a 55% decrease, with a 25% decrease from the previous quarter. The price comparison between the first and second halves of the quarter in China showed a 1% increase. The quarter-ending price of Lithium Fluoride FOB Guangdong in China for Q4 2023 was USD 54500/MT. No significant developments were noted in the APAC Lithium Fluoride market during the quarter.

Europe

The Lithium Fluoride market in Europe displayed a mixed pricing trend in Q4 2023. Initially, weak demand from the downstream sector, coupled with low import prices and limited inquiries, led to a consistent decline in prices. Belgium experienced a notable price decrease due to decreased demand from battery manufacturing, particularly in the lithium hexafluorophosphate industry, alongside subdued consumer inquiries. Deteriorated business sentiments across Europe prolonged the downward trend in Lithium Fluoride pricing.

The sluggish state of business, indicated by the HCOB Eurozone Manufacturing PMI, further exacerbated the market decline. Additionally, the European chemicals market witnessed a decrease in demand and increasing energy prices. Battery manufacturers adopted a cautious approach, prioritizing long-term orders amid anticipation of further price reductions.

Supply remained moderate in Europe, with consistent imports of Lithium Fluoride by market participants.

Get Real Time Prices of Lithium Fluoride: https://www.chemanalyst.com/Pricing-data/lithium-fluoride-1266




 

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