[SMM Analysis] Weekly Price Analysis of LFP

Published: Dec 27, 2024 09:42

Save

[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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

3 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

3 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

3 hours ago