[SMM Analysis] Weekly Price Trend of LFP

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SMM, January 9 – This week, the LFP market price showed signs of stabilizing and rising slightly, with an overall average increase of about 130 yuan/mt. The main reason for this week's price increase was the significant upward trend in lithium carbonate prices, which rose by approximately 600 yuan/mt. Processing fees remained relatively stable this week, but given the recent conclusion of long-term agreement negotiations between material manufacturers and downstream battery manufacturers, it is expected that processing fees for mid-to-high-end materials may rise slightly in the near future. In terms of supply, LFP material manufacturers maintained active production this week, with no significant production cuts observed overall. On the demand side, the production schedule of downstream battery cell manufacturers remained relatively stable, showing a significant increase compared to the same period last year.

SMM New Energy Research Team

Cong Wang 021-51666838

Xiaodan Yu 021-20707870

Rui Ma 021-51595780

Ying Xu 021-51666707

Disheng Feng 021-51666714

Yujun Liu 021-20707895

Yanlin Lü 021-20707875

Ye Yuan 021-51595792

Zhicheng Zhou 021-51666711

Haohan Zhang 021-51666752

Zihan Wang 021-51666914

Xiaoxuan Ren 021-20707866

Yushuo Liang 021-20707892

Jie Wang 021-51595902

Yang Xu 021-51666760