SMM February 27 News:
This week, the cascade utilization market prices remained stable overall. In terms of supply, battery cell manufacturers gradually resumed production, traders became more active, and the supply of waste battery cells for cascade utilization gradually rebounded, though it has not yet reached peak season levels. On the demand side, cascade utilization enterprises began to gradually resume procurement of waste battery cells for cascade utilization. However, due to supply exceeding demand in the market, upstream enterprises showed a tendency to stand firm on quotes after the holiday. Cascade utilization producers remained cautious about purchasing high-priced battery cells, generally unwilling to buy at high prices and only making just-in-time procurement as necessary. In the short term, prices are expected to remain stable, but market transaction volumes remain sluggish, with both supply and demand showing weak performance. With the anticipated growth in battery cell production and retirement volumes in the future, increased supply may lead to further declines in the prices of waste battery cells for cascade utilization.
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

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