SMM Weekly LFP Price Analysis

Published: Jan 6, 2025 09:55

Source: SMM

Save

Last week, the LFP market price experienced a slight decline, with an overall average decrease of about 110 yuan/mt.

Last week, the LFP market price experienced a slight decline, with an overall average decrease of about 110 yuan/mt. Lithium carbonate prices showed a rapid downward trend this week, dropping by approximately 450 yuan/mt. Although processing fees remained largely unchanged last week, considering the strong sentiment to stand firm on quotes from upstream producers, processing fees are expected to rise slightly in the near term. Currently, the market mainly follows the long-term agreement prices from December, keeping prices relatively stable. Recently, leading battery manufacturers have been negotiating with downstream enterprises regarding LFP supply for the coming year. According to market research agency SMM, LFP processing fees are likely to rise slightly overall. In terms of supply, the operating rate in the LFP industry remained relatively high this week. Demand side, year-end production schedules at downstream battery cell manufacturers stayed robust, showing significant growth compared to the same period last year.

Market forecast Market review

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

Capacity and Shipments of AI Server Products Across the Entire Industry Chain Are Expected to Achieve Leapfrog Growth

The plan proposes that by 2028, the capacity and shipments of products across the entire AI server industry chain will achieve leapfrog growth, and the global market share of products in key areas such as core chips, memory, printed circuit boards (PCBs), power supply and energy storage, optical modules, and passive components will increase significantly; breakthroughs will be achieved in core chips and key products, a group of “specialized, sophisticated, distinctive, and innovative” enterprises and “single-product champion” enterprises with strong technological capabilities and significant market advantages will be cultivated in a tiered manner, and an industrial echelon featuring the coordinated development of large, medium-sized, and small enterprises will take shape.

1 hour ago

2 hours ago

Solid-State Battery Price Transmission and Commercialization Resonance

This week solid-state battery material prices showed structural divergence: sulphide-route LPSC and lithium sulphide prices declined, while oxides remained stable. On the industrial side, the Taiblue–Yadea two-wheeler semi-solid-state battery achieved commercial rollout; BTR’s solid electrolyte orders surged; and WELION New Energy’s 2 billion yuan project was sited in Huadu, Guangzhou. Upstream price cuts resonated with downstream deployment, accelerating the commercialisation process.

2 hours ago

[SMM Analysis] Ternary Cathode Payables May See Modest Increase in Q2

Although domestic NEV sales have fallen short of expectations, seasonal recovery combined with overseas export rush demand has driven a notable rebound in domestic EV market orders during March.

2 hours ago