Lithium Fluoride Prices: During the Quarter Ending December 2023

North America

In Q4 2023, the Lithium Fluoride market in North America maintained stability despite a bearish market outlook, characterized by moderate supply. Weak demand persisted in the downstream lithium hexafluorophosphate market for cathode active material (CAM) manufacturing, driving purchases based on necessity rather than eagerness. 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, experiencing a slight decline in imports. The weak demand from the downstream lithium hexafluorophosphate market for CAM production persisted due to ample material availability domestically.

Price changes from the previous year's Q4 indicated a 60% decrease, with a 30% decrease from the previous quarter. The price comparison between the first and second half of the quarter showed 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, characterized by high supply and low to moderate demand. Market sentiments for Lithium Fluoride stabilized in the Indian domestic market, with a marginal increase in prices. China experienced a bullish market situation with moderate supply and a slight demand improvement from the downstream automotive industry. Slight price increments were observed due to increased cost support from the upstream anhydrous hydrofluoric acid market. 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 exhibited a mixed pricing trend in Q4 2023, initially experiencing declines due to weak demand from the downstream sector, low import prices, and limited inquiries. Belgium saw consistent price decreases, mainly due to decreased demand from battery manufacturing, particularly in the lithium hexafluorophosphate industry, alongside subdued consumer inquiries. Deteriorated business sentiments across Europe contributed to a prolonged downward pricing trend for Lithium Fluoride.

The sluggish state of business, as indicated by the HCOB Eurozone Manufacturing PMI, exacerbated the market decline. Additionally, the European chemicals market witnessed decreases due to low demand and increasing energy prices. Battery manufacturers showed a lack of enthusiasm in expanding their orders, prioritizing long-term orders amid anticipation of further price reductions. Lithium Fluoride supply remained moderate in Europe, with consistent imports by market participants.

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

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