Weekly Summary of LFP Material Market [SMM Lithium Battery Market Weekly Review]

Published: May 29, 2025 18:47

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[SMM Analysis: Weekly Summary of LFP Material Market] The price decline of LFP slowed down this week, with an overall decrease of approximately 510 yuan/mt. This was mainly due to the continuous drop in lithium carbonate prices, which fell by about 2,150 yuan/mt cumulatively this week. On the market side, material manufacturers were generally more active in production this week. In particular, influenced by the reduction in US tariffs, the recovery of ESS orders from material manufacturers was more noticeable, while NEV orders declined slightly. Overall weekly production maintained an increase. On the demand side, influenced by the reduction in US tariffs on Chinese goods, the overseas ESS market saw downstream battery cell manufacturers actively increasing production, accelerating the pace of strong exports, and experiencing a relatively full order book. Material manufacturers slightly destocked.

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SMM reported on May 29 that the downward trend in LFP prices slowed down this week, with an overall decline of approximately 510 yuan/mt. This was mainly due to the continuous decline in lithium carbonate prices this week, which fell by approximately 2,150 yuan/mt in total. On the market side, material manufacturers were generally more active in production this week. In particular, influenced by the reduction in US tariffs, the recovery of ESS orders from material manufacturers was more noticeable, while NEV orders declined slightly. Overall weekly production maintained an increase. On the demand side, influenced by the reduction in US tariffs on Chinese goods, the overseas ESS market saw downstream battery cell manufacturers actively producing, accelerating the pace of strong exports. Orders were relatively robust, and material manufacturers slightly destocked.

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Zhou Zhicheng 021-51666711

Wang Zihan 021-51666914

Lv Yanlin 021-20707875

Zhang Haohan 021-51666752

Wang Jie 021-51595902

Xu Yang 021-51666760

Chen Bolin 021-51666836

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