View SMM Cobalt and Lithium Product Quotes, Data, and Market Analysis
Order and View SMM Cobalt and Lithium Product Spot Historical Price Trends
SMM, April 24: This week, the price of LFP showed an overall downward trend, decreasing by about 400 yuan/mt, mainly due to a significant drop in the price of lithium carbonate this week, which fell by about 1,550 yuan/mt. Market-wise: On the supply side, material manufacturers maintained stable production this week, with overall production in April increasing by about 1%-2% compared to March. On the demand side, downstream battery cell manufacturers had relatively stable demand, showing some growth compared to March, but the increase was relatively small. In late April, the overall cargo pick-up progress of battery cell manufacturers slowed down, and demand did not show a significant expected increase. In terms of price settlement, in April, material manufacturers and battery cell manufacturers renegotiated an increase in the Q2 processing fee, but no actual progress was made. It is expected that there will be a slight increase in overall production in May, and material manufacturers will continue to negotiate settlement prices with battery cell manufacturers.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Zhicheng Zhou 021-51666711
Zihan Wang 021-51666914
Yanlin Lv 021-20707875
Jie Wang 021-51595902
Yang Xu 021-51666760
Bolin Chen 021-51666836
