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Market Trend and Demand Lithium battery supply is in short supply Will Affact the Price of Tungsten Boride

As the price of lithium hexafluorophosphate has risen sharply, many lithium battery manufacturers have recently signed long-term orders with raw material suppliers to lock in the supply of lithium hexafluorophosphate, which is the raw material for power battery electrolyte.

On the evening of August 2, Yongtai Technology issued an announcement that CATL will purchase lithium hexafluorophosphate, lithium bisfluorosulfonimide (LIFSI) and vinylene carbonate (VC) products from the company.

In addition to the Ningde era, BYD is also increasing its purchase of raw materials. In July of this year, BYD signed a sales contract with Fluoride to purchase lithium hexafluorophosphate with a total amount of not less than 6,460 tons. In the same period, Xintai Materials, a wholly-owned subsidiary of Skyrim, and BYD signed a long-term agreement to supply lithium hexafluorophosphate to the latter.

Industry data shows that in 2021, the total demand for lithium hexafluorophosphate industry is 65,000 tons, combined with the current market stock output, the gap is 6,000 tons; in 2022, the gap is 17,000 tons. Industry insiders pointed out that the shortage of lithium hexafluorophosphate may continue beyond 2022.

The barriers to entry for lithium hexafluorophosphate production are relatively high. Even if the industry\'s operating rate and output increase significantly, the main increase is still concentrated in leading enterprises with mature technology, high-quality products, and stable customers. At the same time, due to the high investment intensity of the lithium hexafluorophosphate project and the long production expansion period, new competitors need sufficient financial support and the ability to withstand a long return period. In addition, leading companies have a high proportion of production capacity and relatively low costs, which gives them stronger pricing power, and prices are expected to remain high in the context of tight supply and demand.

Affected by Lithium battery supply is in short supply, lithium hexafluorophosphate rises,the Tungsten Boride 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 Tungsten Boride or buy Tungsten Boride in bulk,please send an email to: sales@ozbo.com

The price of Tungsten Boride 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 Tungsten Boride 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 Tungsten Boride will increase to a certain extent.  

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

However,Ozbo.com provides high purity Nano Tungsten Boride with steady price.In order to feedback to old customers,the company is still in full operations to provide Tungsten Boride 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 Tungsten Boride 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 Tungsten Boride, please send an email to: sales@ozbo.com

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