LFP Market Weekly Summary: Prices Decline Amid Stable Supply and Slow Demand Growth

Published: Apr 30, 2025 18:42

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【Weekly Summary of the LFP Market】SMM reported on April 30 that the price of LFP continued to decline this week, dropping by approximately 440 yuan/mt. This was mainly due to the significant price drop of lithium carbonate this week, which fell by about 1,850 yuan/mt. Market aspects: Supply side, the overall production of material manufacturers remained relatively stable, with the total production in April increasing by approximately 1%-2% compared to March. Demand side, the demand from downstream battery cell manufacturers was relatively stable, showing an increase compared to March, but the growth was relatively small. Starting from late April, the overall cargo pick-up progress of battery cell manufacturers slowed down relatively, and no significant increase in demand was expected. In terms of price settlement, in April, material manufacturers and battery cell manufacturers renegotiated an increase in processing fees for Q2, but no actual progress was made. It is expected that there will still be a slight increase in overall production in May.

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.

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