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SMM, February 13—This week, the LFP market price continued the downward trend from last week, mainly influenced by the ongoing decline in lithium carbonate prices, with an overall price drop of about 200 yuan/mt. Lithium carbonate prices showed a significant downward trend this week, decreasing by approximately 850 yuan/mt. Processing fees remained unchanged after the last adjustment. Regarding lithium carbonate discounts, some material manufacturers and downstream battery cell manufacturers signed long-term agreements that continued the low discount levels of 2024, leading to an expected unfavorable profitability for material manufacturers. Supply side, the overall operating conditions of LFP material manufacturers were relatively stable in early February. Some small and medium-sized LFP manufacturers resumed production after the Lantern Festival holiday, while leading material manufacturers maintained stable production, with no significant changes in the overall market. However, demand side, downstream battery cell manufacturers slightly reduced their procurement volume for February, causing minor adjustments in some supply chain structures. Overall inventory for February is expected to increase.
SMM New Energy Research Team
Cong Wang 021-51666838
Xiaodan Yu 021-20707870
Rui Ma 021-51595780
Ying Xu 021-51666707
Disheng Feng 021-51666714
Yujun Liu 021-20707895
Yanlin Lü 021-20707875
Zhicheng Zhou 021-51666711
Haohan Zhang 021-51666752
Zihan Wang 021-51666914
Xiaoxuan Ren 021-20707866
Yushuo Liang 021-20707892
Jie Wang 021-51595902
Yang Xu 021-51666760
Boling Chen 021-51666836
