Comprehensive market analysis shows that the price of lithium battery components is generally lower than the sales price and profit margin. As a key raw material of electrolyte, the production capacity of lithium hexafluorophosphate has also been regressed in China.

 

Lithium hexafluorophosphate has experienced a rollercoaster in the past two years. Like the current diaphragm, lithium hexafluorophosphate was once a high-tech product project, and its production capacity was monopolized by Japanese enterprises before it mastered its core technology. However, after 2011, domestic technologies have made rapid breakthroughs, from commercial small cylindrical and square batteries to lithium hexafluorophosphate technologies used in automobiles and large batteries for energy storage.

 

In April 2011, after years of exploration in the field of fluorine chemical industry, polyfluoride was the first to overcome the technical difficulties of lithium hexafluorophosphate. Two months later, jiujiu also announced the successful trial production. On November 29 last year, jiangsu guotai decided to build a 300 ton/year lithium hexafluorophosphate project. The share price rose 171% to 19 yuan in six months from 7 yuan on the day.

 

But since the beginning of this year, these companies and more have poured into the industry, resulting in severe overcapacity and falling profits. Now these firms are cutting production directly or indirectly.

 

Polyfludo company has become an important supplier of domestic electrolyte enterprises. The expansion of downstream electrolyte will impact the downstream industry. In order to maintain the healthy development of the industrial chain, the electrolyte project has been suspended. The battery project of 100 million Ah has put into production 20 million capacity, which is mainly aimed at the field of power lithium battery. The company's technology needs to be improved, and the market demand is insufficient, so the profit of the lithium iron phosphate battery project is not optimistic. Jiujiu now has a capacity of 700 tons and a capacity of 1,300 tons under construction. The company is controlling the equipment installation process. Jiangsu guotai intends to terminate the implementation of 300 tons/year lithium hexafluorophosphate project and cancel the holding subsidiary zhangjiagang yayuan high-tech materials co., LTD. The reason is that zhangjiagang dongsha chemical industry park will be cancelled. The underlying reason is unprofitability.