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SMM, March 13 – This week, the LFP market price continued the downward trend from last week. On the raw material side, lithium carbonate prices fell by approximately 300 yuan/mt this week. Along with the recent implementation of increased processing fees for mid- and high-compaction products, the packaging processing fee for LFP increased slightly this week. Regarding lithium carbonate discounts, negotiations have not yet been fully concluded. Supply side, as of now, orders from some leading first- and second-tier LFP material manufacturers have declined compared to the full production plans at the beginning of the month, with actual production falling short of the production schedule expectations. However, overall production still showed an increase compared to February. Demand side, downstream battery cell manufacturers' overall production schedules showed a significant increase compared to February, especially with strong demand for high-compaction density products.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Zhicheng Zhou 021-51666711

Yujun Liu 021-20707895

Zihan Wang 021-51666914

Yanlin Lü 021-20707875

Haohan Zhang 021-51666752

Jie Wang 021-51595902

Yang Xu 021-51666760

Boling Chen 021-51666836