SMM March 27 News:
This week, the electrolyte market prices remained stable. The average price of electrolytes for ternary power batteries was 23,750 yuan/mt, for LFP (mid-end, for NEV) was 19,500 yuan/mt, and for LMO was 15,000 yuan/mt. Cost side, the prices of key raw materials such as LiPF6, solvents, and additives remained stable, and the overall manufacturing cost of electrolytes remained relatively stable. Demand side, the recovery pace in the downstream new energy battery sector fell short of expectations, and end-users still maintained a cautious procurement strategy. Current electrolyte procurement demand showed signs of stabilization. Supply side, major producers continued the "produce based on sales" model. Overall, in the short term, electrolyte market prices are expected to be constrained by the unchanged fundamentals of supply and demand, and are likely to fluctuate rangebound.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Ying Xu 021-51666707
Yanlin Lü 021-20707875
Yujun Liu 021-20707895
Xiaodan Yu 021-20707870
Xianjue Sun 021-51666757
Zhicheng Zhou 021-51666711
He Zhang 021-20707850
