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

Published: Jun 19, 2025 17:47

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[SMM Lithium Battery Market Analysis: Weekly Summary of LFP Market] This week, the price of LFP dropped slightly, with an overall decline of approximately 60 yuan/mt. This was mainly due to the slight decline in lithium carbonate prices this week, which accumulated to a decrease of about 200 yuan/mt.

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SMM reported on June 19 that this week, LFP prices dropped slightly, with an overall decline of approximately 60 yuan/mt. This was mainly due to the slight decrease in lithium carbonate prices this week, which cumulatively fell by about 200 yuan/mt. On the market side, the overall production of material factories remained stable this week, with demand beginning to diverge. After the impact of the US tariff reduction, the increase in ESS orders was significant, boosting the overall production enthusiasm of the industry. However, orders in the NEV market continued to show a slight downward trend, primarily due to the NEV market's demand and performance falling short of expectations. The production schedule for the NEV market at downstream battery cell manufacturers is expected to decrease week by week. It is anticipated that LFP material production in June will see an increase driven by ESS demand, but the increase will be very limited.

Wang Cong 021-51666838

Ma Rui 021-51595780

Zhou Zhicheng 021-51666711

Wang Zihan 021-51666914

Lv Yanlin 021-20707875

Zhang Haohan 021-51666752

Wang Jie 021-51595902

Chen Bolin 021-51666836

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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