SMM September 4 News:
This week, electrolyte prices remained stable. The average prices of ternary, LFP, and LMO electrolytes were 22,250 yuan/mt, 18,250 yuan/mt, and 14,850 yuan/mt, respectively. Cost side, prices of key raw materials such as solvents, additives, and LiPF6 stabilized recently, keeping electrolyte costs steady. Demand side, dual positive factors supported the market. On one hand, with the approaching September-October peak season for traditional auto sales and strong performance in heavy-duty truck power battery orders recently, downstream power battery cell enterprises increased production to meet installation demand. On the other hand, downstream demand in the ESS sector remained robust, with both NEV and ESS sectors jointly boosting electrolyte market demand. Supply side, electrolyte enterprises adopted a "produce based on sales" strategy, and production rose due to downstream demand boost. However, constrained by overall industry overcapacity, market competition pressure remained high, leaving them relatively passive in price adjustments. Considering the current supply-demand balance and cost-side conditions, electrolyte prices are expected to remain stable in the short term.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Yanlin Lyu 021-20707875
Zhicheng Zhou 021-51666711
Mengqi Xu 021-20707868
Xuejie Hu 021-20707858
