SMM October 16 News:
Electrolyte prices held steady this week. The average prices of ternary electrolyte, LFP electrolyte, and LMO electrolyte were 22,600 yuan/mt, 18,450 yuan/mt, and 15,000 yuan/mt, respectively. Cost side, LiPF6, some additives, and solvents continued to rise due to tight supply, putting electrolysis production costs under pressure. However, downstream buyers were initially reluctant to accept price increases, and both sides remained in a standoff. As raw material prices continued to climb, cost pressure on electrolyte enterprises increased further, making subsequent price hikes only a matter of time. Demand side, the ongoing pure-electric heavy-duty truck projects and the traditional September-October peak season kept end-use demand growing. The demand increase was transmitted upward to the electrolyte segment, directly boosting overall electrolyte demand. Supply side, rising downstream demand boosted the operating rates of electrolyte enterprises. However, due to tight raw material supply and electrolyte prices falling short of expectations, some enterprises appropriately controlled orders. The long-term overcapacity situation in the industry remained unchanged, and market production still met downstream demand.
SMM New Energy Research Team
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lyu Yanlin 021-20707875
Zhou Zhicheng 021-51666711
Xu Mengqi 021-20707868
Hu Xuejie 021-20707858
