[SMM Analysis] Analysis of Electrolyte Price Changes, December 19-26

Last week, electrolyte prices remained stable. Supply side, as the price of LiPF6 stayed steady and the market was in the stage of negotiating orders, electrolyte producers mainly purchased LiPF6 as needed. Demand side, the demand for electrolyte from battery cell manufacturers was relatively stable. Cost side, the prices of LiPF6, solvents, and additives were temporarily stable. Currently, the overall price of electrolyte is primarily influenced by the price of LiPF6. However, due to price suppression by battery cells on electrolyte prices, the electrolyte prices remained stable. The price of ternary power battery electrolyte was 21,100-29,550 yuan/mt, and the price of LFP battery electrolyte was 16,800-25,550 yuan/mt. In the short term, fluctuations on the cost side are expected to cause electrolyte prices to oscillate within a certain range.