LFP Prices Declined in the First Week After the Holiday [SMM Analysis]

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SMM, February 6 – This week marks the first week after the Chinese New Year holiday, and the overall operation of the LFP market has shown certain changes. From the price perspective, influenced by the downward transmission of lithium carbonate prices, the LFP market price experienced a slight decline, with an overall decrease of approximately 120 yuan/mt. Lithium carbonate prices saw a correction this week, with a drop of about 500 yuan/mt. Meanwhile, the processing fee for LFP remained unchanged this week after the previous adjustment. On the supply side, post-holiday production at LFP material plants was relatively stable overall. Leading producers maintained relatively stable production levels, while some small and medium-sized LFP plants experienced production cuts. On the demand side, some downstream battery cell manufacturers slightly reduced their procurement volume of LFP for February, indicating weakened demand in the downstream market. Additionally, certain supply chain structures underwent minor adjustments. In summary, the overall inventory of LFP is expected to increase in February, and the short-term supply-demand pattern of the market may face certain changes.

SMM New Energy Research Team

Cong Wang 021-51666838

Xiaodan Yu 021-20707870

Rui Ma 021-51595780

Ying Xu 021-51666707

Disheng Feng 021-51666714

Yujun Liu 021-20707895

Yanlin Lü 021-20707875

Zhicheng Zhou 021-51666711

Haohan Zhang 021-51666752

Zihan Wang 021-51666914

Xiaoxuan Ren 021-20707866

Yushuo Liang 021-20707892

Jie Wang 021-51595902

Yang Xu 021-51666760

Boling Chen 021-51666836