[SMM Analysis] The price of separators has shown an upward trend recently

SMM, April 30:

This week, the prices of lithium battery separator materials remained stable. The mainstream quotations for wet-process separators of 5um/7um/9um were 1.59 yuan, 0.82 yuan, and 0.75 yuan, respectively. The mainstream quotations for dry-process separators of 12um/16um were 0.46 yuan and 0.43 yuan, respectively. On the supply side, with the completion of production resumptions across the industry chain in March, the industry's capacity utilisation rate has recovered, and it is expected that the production schedule for April will increase slightly. On the demand side, the downstream demand for new energy vehicles (NEV) and energy storage systems (ESS) continues to grow, which will drive battery cell manufacturers to increase their procurement of separators. In terms of prices, as separator prices have already approached the cost line, it is expected that separator prices may rise slightly in the near future.

SMM New Energy Research Team

Wang Cong 021-51666838
Yu Xiaodan 021-20707870
Ma Rui 021-51595780
Feng Disheng 021-51666714
Liu Yujun 021-20707895
Lü Yanlin 021-20707875
Zhou Zhicheng 021-51666711
Zhang Haohan 021-51666752
Wang Zihan 021-51666914
Ren Xiaoxuan 021-20707866
Wang Jie 021-51595902
Xu Yang 021-51666760

Wang Zhaoyu 021-51666827