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Market Trend and Demand Lithium PVDF prices are rising all the way Will Affact the Price of cobalt hydroxide

The demand for batteries has driven the boom in the PVDF industry chain, and product prices have continued to rise.

According to data from Baichuan Yingfu, since Q2 of 2021, PVDF prices have been rising.

Since mid-April, the price of PVDF powder and pellets has risen from 80,000 yuan/ton to 170,000 yuan/ton, an increase of 210%; lithium battery binders have risen from 120,000 yuan/ton to 200,000 yuan/ton. Tons, an increase of 167%.

In the long run, due to the continuous impact of the rapid growth of the demand side and the slow expansion cycle of the supply side, the future prosperity of the lithium-grade PVDF industry is expected to maintain, and the expected price still has room for upwards.

With the strong demand side of the lithium battery industry chain since 2021, the boom of battery-grade PVDF has risen, and the proportion of demand has increased from 10% of the overall to about 20-30% in 2021.

The rapid development of the lithium battery and photovoltaic industries has driven the growth of demand for PVDF. The production of new energy vehicles and shipments of lithium-ion batteries continue to increase, resulting in a continuous increase in the demand for lithium-grade PVDF.

China’s lithium battery shipments in 2020 will reach 143GWh, and shipments are expected to reach 229GWh in 2021, a growth rate of about 60%.

In addition, the vigorous development of the photovoltaic industry will continue to increase the demand for PVDF in photovoltaic backplanes in the next few years.

Affected by Lithium PVDF prices are rising all the way , the cobalt hydroxide 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 cobalt hydroxide or buy cobalt hydroxide in bulk,please send an email to: sales@ozbo.com

The price of cobalt hydroxide 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 cobalt hydroxide 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 cobalt hydroxide will increase to a certain extent.  

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

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

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