From April 14 to April 17, 2025, the price of electrolyte remained stable.
SMM April 17 News: This week, the price of electrolyte remained stable. The average price of electrolyte for ternary power was 22,750 yuan/mt, for LFP was 18,750 yuan/mt, and for LMO was 14,800 yuan/mt. Cost side, the prices of core raw materials such as LiPF6, solvents, and additives remained stable, and the overall manufacturing cost of electrolyte remained stable. Demand side, the recovery of the downstream new energy battery market demand lagged behind expectations, and end-users maintained a cautious stockpiling strategy. The current procurement demand for electrolyte showed a phased stabilization feature. Supply side, major producers continued the "produce based on sales" model, adopting a conservative production schedule strategy, and the operating rate of small and medium-sized producers was low. Comprehensive analysis shows that in the short term, the market price of electrolyte will be constrained by the supply and demand fundamentals that have not changed significantly, and is expected to maintain a fluctuate rangebound pattern. SMM New Energy Research Team: Cong Wang 021-51666838, Rui Ma 021-51595780, Disheng Feng 021-51666714, Ying Xu 021-51666707, Yanlin Lyu 021-20707875, Yujun Liu 021-20707895, Xiaodan Yu 021-20707870, Xianjue Sun 021-51666757, Zhicheng Zhou 021-51666711, He Zhang 021-20707850.
