The price of electrolyte declined this week (July 7-10, 2025) [SMM Weekly Review of Lithium Battery Electrolyte Market]

Published: Jul 10, 2025 16:25

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[SMM Weekly Review of Lithium Electrolyte Market: Electrolyte Prices Declined This Week (2025.7.7-7.1)] From July 7 to July 10, 2025, electrolyte prices declined. Considering that it is difficult to achieve substantial improvement in the supply-demand relationship in the short term, the lack of strong stimulating factors in the industry, and the backdrop of a slight decrease in costs, it is expected that electrolyte prices will fluctuate rangebound in the coming period.

SMM reported on July 10:

This week, the price of electrolyte has declined. The average prices of electrolytes for ternary power batteries, LFP power batteries, and LMO power batteries were 21,750 yuan/mt, 17,800 yuan/mt, and 14,450 yuan/mt, respectively. Cost side, the price of LiPF6, a core raw material for electrolytes, has decreased, while the prices of solvents and additives have remained stable, leading to a decrease in the overall manufacturing cost of electrolytes. Demand side, due to high inventory pressure in the NEV market, the market is in the phase of destocking vehicles, and automakers' production enthusiasm is weak, resulting in a slight MoM decline in the demand for power batteries. However, in the ESS market, overseas ESS demand is showing a growth trend. Overall, the demand has increased slightly. Supply side, electrolyte enterprises continue to deepen the "produce based on sales" operational model. Although the current market price of electrolytes remains low, due to the structural overcapacity in the industry, market competition pressure is significant, and many enterprises are still willing to adopt a volume discount strategy. Considering multiple factors, it is expected that the price of electrolytes will continue to fluctuate rangebound in the future.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Xu Mengqi 021-20707868

Hu Xuejie 021-20707858

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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