Market Trend and Demand The price of lithium hexafluorophosphate may continue to rise Will Affact the Price of Cuprous oxide

Since June 2020, the supply and demand of lithium hexafluorophosphate have been in short supply.

The price of lithium hexafluorophosphate has risen strongly, from a minimum of less than 70,000 yuan/ton to nearly 400,000 yuan/ton. In the face of continuous growth on the demand side and continued tightness on the supply side, lithium hexafluorophosphate will still be in short supply in the short term, and the price of lithium hexafluorophosphate may continue to rise.

Lithium-ion batteries were born in the 1970s. After being successfully commercialized by SONY in 1991, they have now been widely used in power, energy storage and other fields. Electrolyte is one of the key raw materials for the production of power lithium batteries. Lithium hexafluorophosphate is the most important solute in the electrolyte of lithium batteries and the most widely used electrolyte solute in commercial applications. Since June 2020, the supply and demand of lithium hexafluorophosphate have been in short supply. The price of lithium hexafluorophosphate has risen strongly, from a minimum of less than 70,000 yuan/ton to nearly 400,000 yuan/ton.

Lithium hexafluorophosphate will continue to be in short supply in the short term. According to Polyfluoride, the world\'s leading manufacturer of lithium hexafluorophosphate, the supply of lithium hexafluorophosphate will continue to be tight according to the unexpected growth of the new energy vehicle market and the continued growth trend in the future. In the face of continuous growth on the demand side, according to Gaogong Lithium Battery (GGII) estimates, there will be a supply and demand gap in global lithium hexafluorophosphate in 2021. The supply and demand are expected to be 59 thousand tons and 63,500 tons respectively. Under the supply and demand gap, the price of lithium hexafluorophosphate may continue to rise.

Affected by The price of lithium hexafluorophosphate may continue to rise, the Cuprous oxide market is changing rapidly. These changes are indicators of market growth.This year-on-year upward trend in the market indicates that the next November 2020-2026 will show an oval but steady growth.If you are looking for Cuprous oxide or buy Cuprous oxide in bulk,please send an email to: sales@ozbo.com

The price of Cuprous oxide continues to be affected by factors such as market growth momentum,various opportunities and challenges.However,during the forecast period from 2020 to 2026,the global Cuprous oxide sales market is expected to continue to be above average.The growth rate will continue to increase.It is expected that from today to next week,the price of Cuprous oxide will increase to a certain extent.  

Due to changes in consumer demand,import and export conditions,and various investigations on the development of Cuprous oxide,the cost of Cuprous oxide is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of Cuprous oxide will also be affected to a certain extent.It is estimated that the cost of Cuprous oxide will increase slightly from today to next week.

However,Ozbo.com provides high purity Nano Cuprous oxide with steady price.In order to feedback to old customers,the company is still in full operations to provide Cuprous oxide with competitive price.said Olina,sales manager of Ozbo.com.

About Ozbo.com

Ozbo.com (aka.Tanki New Materials Co.Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years experience in providing super high-quality chemicals and Nanomaterials. As a leading nanotechnology development and Cuprous oxide manufacturer,Tanki New Materials Co.Ltd dominates the market.Our professional work team provides perfect solutions to help improve the efficiency of various industries,create value,and easily cope with various challenges.If you are looking for Cuprous oxide, please send an email to: sales@ozbo.com