SMM August 28 News:
This week, the price of electrolyte has increased. The average prices for ternary, LFP, and LMO electrolytes were 22,250 yuan/mt, 18,250 yuan/mt, and 14,850 yuan/mt, respectively. Cost side, the rise in the prices of key raw materials such as solvents, additives, and LiPF6, after a period of transmission, has indeed pushed up the production cost of electrolytes, driving the increase in electrolyte prices. On the demand side, there are two positive supports. First, with the traditional September-October peak season for auto sales approaching, downstream power battery cell enterprises have started stockpiling to meet the upcoming installation demand. Second, the ESS sector continues to show strong demand, with both the automotive and storage sectors contributing to the increase in electrolyte market demand. Supply side, electrolyte enterprises adopt a "produce based on sales" strategy. At the same time, constrained by the overall overcapacity in the industry, market competition pressure is high, placing them in a relatively passive position when adjusting prices. Considering the current supply-demand balance and cost situation, it is expected that the support for electrolyte prices will remain strong in the short term.
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
Xu Mengqi 021-20707868
Hu Xuejie 021-20707858
