Market Analysis of LFP from April 21 to April 25 by SMM

View SMM Cobalt and Lithium Product Quotes, Data, and Market Analysis

Order and View SMM Cobalt and Lithium Product Spot Historical Price Trends

SMM, April 24: This week, the price of LFP showed an overall downward trend, decreasing by about 400 yuan/mt, mainly due to a significant drop in the price of lithium carbonate this week, which fell by about 1,550 yuan/mt. Market-wise: On the supply side, material manufacturers maintained stable production this week, with overall production in April increasing by about 1%-2% compared to March. On the demand side, downstream battery cell manufacturers had relatively stable demand, showing some growth compared to March, but the increase was relatively small. In late April, the overall cargo pick-up progress of battery cell manufacturers slowed down, and demand did not show a significant expected increase. In terms of price settlement, in April, material manufacturers and battery cell manufacturers renegotiated an increase in the Q2 processing fee, but no actual progress was made. It is expected that there will be a slight increase in overall production in May, and material manufacturers will continue to negotiate settlement prices with battery cell manufacturers.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Zhicheng Zhou 021-51666711

Zihan Wang 021-51666914

Yanlin Lv 021-20707875

Jie Wang 021-51595902

Yang Xu 021-51666760

Bolin Chen 021-51666836