[SMM Analysis: Weekly Summary of LFP Material Market] The downward trend in LFP prices slowed down this week, with an overall decline of approximately 365 yuan/mt. This was mainly due to the continuous decline in lithium carbonate prices this week, which fell by a total of approximately 1,450 yuan/mt. On the market side, material manufacturers were generally more active in production this week, with production at leading material manufacturers beginning to recover. However, production at some second-tier material manufacturers declined, primarily due to adjustments in the downstream battery cell supply chain structure, coupled with a slight decrease in downstream NEV orders. On the demand side, ESS demand continued to improve. On one hand, the US reduced tariffs on Chinese goods, prompting downstream battery cell manufacturers to rush to increase exports, resulting in a slight increase in orders.

[SMM Weekly Review] This week, the price of DC-side battery cabins fluctuated relatively small. The average price of a 5MWh DC-side battery cabin was 0.43 yuan/Wh; the average price of a 3.44/3.77MWh DC-side battery cabin was 0.438 yuan/Wh

[LCO prices continue to decline slightly due to the impact of raw materials] The LCO market was under pressure this week, with mainstream quotations for 4.2V/4.4V/4.5V products pulling back to 217,000 yuan/mt, 221,000 yuan/mt, and 232,000 yuan/mt, respectively...

[Dry-process separator prices rose this week] SMM reported on May 22: This week, wet-process separator prices were relatively stable, with mainstream quotations for 5μm/7μm/9μm products adjusted to 1.35 yuan, 0.76 yuan, and 0.74 yuan, respectively...

[SMM Weekly Review of Refined Cobalt Market: Refined Cobalt Spot Price Declines] This week, the spot price of refined cobalt declined significantly. Supply side, the market is still digesting the pace of social inventory reduction. The economic efficiency of refined cobalt production continues to decrease, and production cuts at smelters are likely to persist. In terms of quotation, traders' quotes continue to decline in line with the futures market. Recently, some traders have been influenced by funding costs and have chosen to exit the market and sell their cargoes. Demand side, amidst the price decline, the purchase situation of downstream producers has slightly improved, with inquiries and buying interest picking up. It is expected that the spot price of refined cobalt will continue to fluctuate next week.

[SMM Weekly Review of Cobalt Chloride Market: Firm Spot Prices of Cobalt Chloride] This week, cobalt chloride prices remained firm. In terms of supply, due to the ongoing shortage of raw materials, smelters had a strong willingness to support prices, and their reluctance to sell became more pronounced, with almost no instances of selling at low prices...

[SMM Weekly Review of Co3O4 Market: Co3O4 Spot Price Falls Sharply] This week, the price of Co3O4 fell sharply. Supply side, despite relatively stable quotes from smelters, their willingness to sell increased, and the phenomenon of holding back from selling significantly decreased...

[SMM ESS Battery Cell Market Weekly Review] The overall ESS battery cell market remains stable. With the approaching grid connection deadline (May 31) in China, structural projects are driving shipments, and the energy storage system integration sector is maintaining a restocking rhythm based on demand.

[SMM Weekly Review of Lithium Battery Anode Market: Anode Material Prices Remained Stable This Week] SMM reported on May 22: This week, the price of artificial graphite remained stable. Cost side, the price of graphitisation tolling services declined; the price of raw material coke continued to fall due to weak downstream demand······

[SMM Weekly Review of Lithium Battery Graphite Market: Graphitisation Prices Fell Slightly This Week Amidst the Game Between Supply and Demand and Costs] SMM reported on May 15: Graphitisation prices fell slightly this week. From the supply and demand perspective, the operating rate of anode enterprises increased, driving up the orders for graphitisation tolling services, but the scale of new demand was limited······