HK Stock Market Move | Lithium battery stocks rose in the afternoon, with lithium hexafluorophosphate nearly doubling in one month. Institutions say that the supply and demand contradictions in some lithium battery materials may have been alleviated.

Lithium battery stocks rose in the afternoon, with CALB (03931) up 5.73% to HK$32.5; Tianqi Lithium Corporation (09696) up 5.63% to HK$46.9; ZENERGY (03677) up 3.91% to HK$9.3; Ganfeng Lithium Group (01772) up 3.03% to HK$48.94. On the news front, on November 3, the highest price of lithium hexafluorophosphate in Shanghai Nonferrous Network reached 117,000 yuan/ton, nearly doubling from early October. Financial media reporters contacted listed companies as investors, and Shida Shinghwa Advanced Material Group, Shenzhen Capchem Technology and other companies all said their orders were full. Some companies stated that the current demand for this product is strong, with "orders still increasing." However, Do-Fluoride New Materials management believes that the market demand for lithium hexafluorophosphate has a high level of certainty, but price fluctuations will tend to be rational and not repeat the sharp rise seen in the previous industry cycle, as manufacturers are cautious in expanding production. Open Source Securities pointed out that since mid-September, the price of lithium hexafluorophosphate has begun to rise rapidly. In the short term, the market's tight supply balance may continue until 2026, with prices still having room to rise. It is believed that the rapid rise in the price of lithium hexafluorophosphate may indicate that the supply-demand imbalance of some lithium battery materials has been alleviated, and a price increase cycle may be welcomed.