[SMM Data] December Electrolyte Production Down MoM, Output Expected to Continue Declining Next Month

Published: Jan 3, 2025 17:58

Source: SMM

Save

[SMM Data: Electrolyte Production Data for December] Electrolyte production in December 2024 was down 5% MoM, with a projected decline of 9% in January.

In December 2024, China's electrolyte production fell 5% MoM but was up 124% YoY. The growth rate of end-use market demand slowed, leading to an overall decline in demand. The operating rate of electrolyte factories experienced a certain decrease compared to the previous month. Following an increase in LiPF6 prices at the beginning of the month, which later stabilized, some electrolyte enterprises chose to wait and observe until raw material prices became more stable. Overall, the willingness to stockpile raw materials was weak, with most orders being produced based on orders. Meanwhile, the operating rate of battery cell enterprises began to decline compared to November, prompting electrolyte factories to moderately reduce their operating rates in response to market demand, resulting in a drop in production.

Looking ahead to January, end-use demand is expected to continue declining, with electrolyte demand also expected to decrease to some extent. China's electrolyte production in January is projected to fall approximately 9% MoM but increase about 98% YoY.

New Energy

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

1 hour ago

Academician Ouyang Minggao’s Latest Views as a Solid-State Battery Expert Scale-Up in 2030, Consumers “Need Not Wait”

Ouyang Minggao pointed out that large-scale mass production of all-solid-state batteries will still require 3–5 years, with test vehicles expected to appear by the end of 2026. Sulphide electrolyte has fallen from 20 million/mt to the million-level range. However, he stressed that the technical difficulty is extremely high and advised consumers that they “need not wait,” as LFP batteries remain the “ballast stone” at present.

1 hour ago

2 hours ago

Samsung SDI Signs 4-Year Long-Term Energy Storage Battery Contract With US Energy Company

On March 16, news emerged that Samsung SDI has signed a contract with a US energy company for the supply of energy storage batteries. The contract value is 1.5 trillion Korean Won, approximately 6.915 billion RMB. The supply is planned to occur in phases from 2026 to 2029, spanning four years. The batteries will be produced at a factory in Indiana, USA, a joint venture between SDI and Stellantis. This factory was previously dedicated to producing power batteries with an original capacity of 30GWh. Subsequently, three-quarters of its production lines were converted to produce energy storage batteries, with a planned capacity of approximately 21GWh. Production is scheduled to commence by the end of 2026.

2 hours ago

Tianneng Reaches Cooperation With Four Enterprises

On March 12, Tianneng reached strategic cooperation agreements with four enterprises, focusing on emerging application scenarios such as drones and robots, with solid-state batteries as the technological foundation. The collaboration encompasses deep cooperation ranging from product application to data loop closure. According to the agreements, Tianneng will provide semi-solid-state battery solutions leveraging its expertise in cell research, development, and manufacturing, while the partner enterprises will contribute data feedback based on their advantages in scenario-specific applications.

2 hours ago