[SMM Analysis] The Market Is Slowly Recovering; Separator Prices Remained Stable This Week

SMM February 20 News:

This week, lithium battery separator material prices remained stable. After a prolonged price war and price suppression by battery cell enterprises, separator material prices are currently at a low level, extremely close to the cost line. This has led separator enterprises, especially dry-process separator producers, to exhibit a strong sentiment to stand firm on quotes. Supply and demand side, the market shows slight signs of recovery, but the pace remains slow, with downstream demand still weak and no significant improvement in separator enterprises' operating rates. Under the condition of weak supply and demand, downstream battery cell manufacturers have mostly ceased price suppression to maintain procurement volumes, resulting in stable separator prices this week. Looking ahead, the separator industry still has new capacity that has not yet reached full production, and the separator market may remain in a state of oversupply. To compete for market share, separator enterprises may continue to engage in fierce price competition.

SMM New Energy Research Team

Cong Wang 021-51666838
Xiaodan Yu 021-20707870
Rui Ma 021-51595780
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
Jie Wang 021-51595902
Yang Xu 021-51666760

Mengqi Xu 021-20707868