SMM August 21 News:
Second-life application market situation this week:
Overall, the rigid demand for second-life applications remained stable at the end of August, with domestic and overseas markets receiving some support due to the policy transition period. The sales momentum of new energy vehicles gradually faded in early August, while the supply of end-of-life batteries in the market stayed steady. Demand from end-use applications was mediocre, and limited growth is expected going forward. The previous rise in lithium carbonate prices was passed on to battery cells, leading to a slight increase in battery cell prices. Second-life battery cell prices also saw a minor uptick, but overall, the market maintained a balance between supply and demand. Transactions followed the market trend, and it is anticipated that future price increases for second-life battery cells will be limited. Market transactions remained sluggish, with some second-life battery producers continuing to operate with low inventory levels, focusing mainly on essential purchases.
SMM New Energy Research Team
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lv Yanlin 021-20707875
Zhou Zhicheng 021-51666711
Lei Yue 021-20707873
