[SMM Analysis] Weekly Price Analysis of LFP

Published: Dec 27, 2024 09:42

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[SMM Analysis: LFP Prices Showed a Slight Increase This Week] This week, LFP prices experienced relatively small fluctuations, showing a slight increase. Lithium carbonate showed signs of stabilizing after a decline this week. The signing of long-term contracts for next year is expected to primarily feature no discounts or very low discounts. Processing fees saw little change this week, remaining generally aligned with long-term contract prices and relatively stable. However, due to the rising trend in iron phosphate raw material prices, material manufacturers have shown a strong demand for increasing processing fees in the near term and for next year, with a clear sentiment to stand firm on quotes.

SMM, December 27: This week, LFP prices showed relatively small fluctuations, with a slight increase. Lithium carbonate exhibited signs of stabilizing after a decline this week, and long-term contracts for next year are expected to be signed primarily with no discount or very low discounts. Processing fees saw little change this week, remaining generally aligned with long-term contract prices and relatively stable. However, due to the rising prices of iron phosphate raw materials, material manufacturers have shown a strong demand for processing fee increases in the near term and for next year, with a clear sentiment to stand firm on quotes. This week, LFP tender results included cases of failed bids, as upstream and downstream parties have yet to reach a consensus and are currently in a negotiation phase. Regarding the operating rate, leading and second-tier LFP enterprises maintained high operating rates this week, and China's LFP production in December is not expected to see a significant decline. Overall, the LFP market continued to operate on a high-growth trajectory this week, with no signs of order reductions observed.

SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Ying Xu 021-51666707
Disheng Feng 021-51666714
Yujun Liu 021-20707895
Yanlin Lü 021-20707875

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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