Lithium Fluoride Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Lithium Fluoride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Lithium Fluoride Price Trend for Q1 of 2024
The first quarter of 2024 witnessed a general positive pricing environment for lithium fluoride in the Asian markets. The said period was characterized by increasing prices driven by low supplies and higher raw material costs. China experienced an optimistic curve; the overall market dynamics were riddled since the driving factors provided both upward and downward pushes to lithium fluoride prices.
Lithium Fluoride Price Chart
Please Login or Subscribe to Access the Lithium Fluoride Price Chart Data
Low inventories and rising production costs spurred by an incline in crude oil prices pushed the market affirmatively. However, the demands from the downstream sectors were still weak. Therefore, the suppliers controlled supply quantities by limiting the capacity utilizations.
This contrasted with the situation in Europe, where the primary challenges the market faced were oversupply and sluggish demands, particularly from the lithium-ion battery manufacturing sector, leading to a downward pressure on prices. Additionally, Chinese dominance in the electric vehicle (EV) market impacted European and U.S. manufacturers, further contributing to a bearish sentiment in these regions.
Analyst Insight
According to Procurement Resource, the market prices of Lithium Fluoride are likely to oscillate in a similar manner in the coming months given the current market fundamentals and global dynamics.
Procurement Resource provides latest prices of Lithium Fluoride. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Lithium fluoride (LiF) is a white, crystalline compound known for its high melting point and wide-ranging industrial applications. It is primarily used in the glass and ceramics industry to increase the durability and refractive index of optical materials. In nuclear reactors, LiF serves as a neutron absorber and coolant due to its excellent thermal stability. It is also crucial as an electrolyte in lithium-ion batteries, enhancing their performance and safety. Additionally, Lithium fluoroide finds use in organic synthesis as a fluorinating agent and in metallurgy as a flux for refining metals.
Report Features | Details |
Product Name | Lithium Fluoride |
Chemical Formula | LiF |
Industrial Uses | Nuclear Reactors, Glass and Ceramics Industry, Electrolytes in Batteries, Fluorinating Agent in Organic Synthesis, Optical Coatings, Flux in Metallurgy, Catalyst |
Molecular Weight | 25.94 g/mol |
CAS number | 7789-24-4 |
HS Code | 2826 19 90 |
Synonyms | Fluorolithium |
Supplier Database | SQM, FMC Corporation, Sigma-Aldrich, Albemarle Corporation, Jiangxi Ganfeng Lithium Co. Ltd. |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The synthesis begins with the chemical reaction between lithium hydroxide and hydrogen fluoride. The reaction results in the formation of Lithium fluoride as the resultant, along with water as the byproduct. The resultant is further heated under specific temperatures to obtain anhydrous lithium fluoride as the final product.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.
Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103
Email: sales@procurementresource.com