In January 2025, China's LiPF6 production fell by 11% MoM but rose by 78% YoY. Affected by the Chinese New Year holiday, the growth rate of end-use market demand slowed, leading to an overall decline in demand. The operating rate of LiPF6 factories decreased MoM. In January, LiPF6 prices remained relatively stable due to factors such as raw material costs and the overall balance of supply and demand in the market. Currently, downstream purchases are cautious, with orders mainly produced based on orders, and inventory levels remain low. Additionally, the operating rate of battery cell enterprises declined compared to December, and LiPF6 factories adjusted production flexibly based on market demand, resulting in a drop in production.
Looking ahead to February, end-use demand is expected to continue declining, further weakening the demand for LiPF6. China's LiPF6 production in February is expected to decrease by approximately 3% MoM while increasing by about 110% YoY.
Note: For any additional details or corrections regarding the content mentioned in this article, please feel free to contact us at the following:
Phone: 021-20707842 (or add WeChat as below) Ren Xiaoxuan, thank you!
SMM New Energy Research Team
Cong Wang 021-51666838
Lingying Zhang 021-51666775
Xiaodan Yu 021-20707870
Rui Ma 021-51595780
Ying Xu 021-51666707
Disheng Feng 021-51666714
Yujun Liu 021-20707895
Yanlin Lü 021-20707875
Xianjue Sun 021-51666757
Ye Yuan 021-51595792
Chensi Lin 021-51666836
Zhicheng Zhou 021-51666711
