[SMM Weekly Review of Power Battery Cell Market 6.12] Insufficient Space for Marginal Cost Reduction

》Check SMM's quotes, data, and market analysis for cobalt and lithium products

》Subscribe to view historical price trends of SMM's spot cobalt and lithium products

This week, power battery cell prices remained relatively stable. Against the backdrop of production schedule adjustments for some car models, the shipment pace of ternary battery cells slowed down, and there is an expectation of a decline in market quotes, with market competition significantly intensifying. LFP battery cells performed relatively steadily, with some mainstream car models maintaining basic procurement. The overall order release pace was moderate, and prices showed signs of stabilizing amid low-level fluctuations. Cost side, the prices of core raw materials such as lithium carbonate and cathode materials continued to operate at low levels, keeping battery cell production costs at a relatively low level. However, the scope for marginal cost reduction has significantly narrowed. Currently, fluctuations in battery cell prices are more driven by adjustments in the demand-side pace and the transmission of inventory pressure, rather than changes in the material side. In terms of supply and demand, the terminal vehicle market is still in the inventory digestion phase, with automakers adopting a cautious procurement strategy and battery cell orders being released in a more dispersed manner. Meanwhile, leading battery cell manufacturers maintained stable operating conditions, with the primary focus on ensuring supply to core customers.

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Xu Yang 021-51666760

Yang Lianting 021-51595835

Yang Le 021-51595898