Weekly Summary of LFP Market in June [SMM Lithium Battery Market Analysis]

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SMM reported on June 12 that this week, LFP prices showed a trend of stopping falling and rebounding, with an overall increase of approximately 170 yuan/mt. This was mainly due to the upward inflection point in lithium carbonate prices this week, which cumulatively rose by about 450 yuan/mt. Currently, the monthly average price of the second-generation LFP is approximately 29,000 yuan/mt, the third-generation LFP is approximately 30,500 yuan/mt, and the fourth-generation LFP is approximately 33,000 yuan/mt. On the market side, the overall production of material factories remained stable this week. Due to the differentiation in downstream demand, the production situations of different material factories varied. In summary: as auto sales fell short of expectations, orders for power batteries generally declined slightly, and corresponding suppliers also slightly cut production. Conversely, the overall situation in the ESS market was good. However, the increase in ESS this time was not only due to overseas rush to export but also because the domestic ESS market demand was good, and orders were full. It's just that after the reciprocal tariff reduction, battery cell manufacturers prioritized export orders to the US in June. Even without this US export rush, domestic ESS demand was relatively optimistic. Therefore, the production situations of related suppliers were also relatively optimistic, with overall increases or maintaining full production capacity.

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