[SMM Analysis] A Review of This Week's Price Trends for Waste Batteries for Cascade Utilization

SMM February 6 News:

This week, prices in the cascade utilization market remained stable. Supply side, as the Chinese New Year has just ended, the demand for battery cell production has decreased, leading to a corresponding decline in the supply of waste battery cells for cascade utilization. Meanwhile, during the Chinese New Year holiday, the procurement bidding activities for waste battery cells for cascade utilization by public transportation systems across various regions were suspended, further reducing market supply. The number of retired battery cells did not show a significant increase in the short term, and multiple factors collectively contributed to the overall reduction in market supply.

Demand side, most enterprises had completed stockpiling before the holiday. Currently, companies are adopting a wait-and-see attitude toward post-holiday prices while focusing on the subsequent strategic plans of major battery cell manufacturers to better predict price trends and adjust procurement strategies, resulting in overall low demand. Consequently, recent market transactions have been poor, with actual deals being rare.

Regarding future prices, as downstream demand for waste batteries for cascade utilization has not significantly improved, coupled with the expected increase in battery cell production and retirement this year, which may lead to a rise in the supply of waste battery cells for cascade utilization, prices for waste battery cells for cascade utilization are likely to continue showing a fluctuating downward trend.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Ying Xu 021-51666707

Yanlin Lü 021-20707875

Yujun Liu 021-20707895

Xiaodan Yu 021-20707870

Zhicheng Zhou 021-51666711

He Zhang 021-20707850