Price increase of LFP and stable market demand

Published: Jul 11, 2025 09:16

Save

SMM reported on July 10 that the price of lithium iron phosphate (LFP) continued to rise this week, following the upward trend of last week, with an overall price increase of approximately 325 yuan/mt. The price hike was mainly due to the continuous rise in lithium carbonate prices this week, with a cumulative increase of about 1,350 yuan/mt. There were no significant changes in the market this week, with material manufacturers maintaining relatively stable production. Top-tier enterprises maintained a steady production pace, with some even experiencing incremental growth. However, the production pace of small and medium-sized manufacturers slowed down slightly due to order influences. Analyzing downstream demand by segment, power battery orders are expected to start decreasing this month, while energy storage system (ESS) demand is performing well, driving overall demand growth, albeit with limited increments. Recently, a battery cell manufacturer initiated tenders, with the overall tendering process progressing relatively smoothly. Based on the information currently available, it is anticipated that the price war will intensify in the second half of the year (H2). Overall, the recent LFP market has primarily focused on tenders as the main topic of discussion, with moderate demand and relatively stable market conditions.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

21 hours ago

In January, national passenger car producers' new energy wholesale estimates reached 900,000 units, up 1% YoY.

According to the latest data from the Passenger Car Association, in December 2025, producers with new energy wholesale sales exceeding 10,000 units accounted for 93% of the total wholesale sales of passenger NEVs that month. Based on preliminary January data, these producers achieved sales of 830,000 units in January. As most producers have already locked in their major sales figures, by applying the structural proportion from the previous month to the current month's data, the estimated wholesale sales of passenger NEVs nationwide in January were 900,000 units. According to comprehensive preliminary monthly association data: the estimated wholesale sales of NEVs by national passenger car producers in January 2026 were 900,000 units, up 1% YoY.

21 hours ago

CAAM: In 2025, 476,000 complete vehicles were imported, down 32.4% YoY.

据中国汽车工业协会整理的海关总署数据显示，2025年12月，汽车整车进口3.0万辆，环比下降30.4%，同比下降56.1%；进口金额14.7亿美元，环比下降23.6%，同比下降52.5%。2025年，汽车整车进口47.6万辆，同比下降32.4%；进口金额236.4亿美元，同比下降39.7%。

21 hours ago

Canada Announces New EV Strategy, to Collaborate with China

According to CCTV News, on February 5, Canadian Prime Minister Mark Carney announced a new electric vehicle strategy, including the reinstatement of car purchase subsidies, and stated that Canada will cooperate with China to promote the local production and export of EVs in Canada. According to a statement released by the Prime Minister's Office of Canada, the country will make full use of existing and newly established trade agreements, including a recently reached EV cooperation agreement with China, to facilitate large-scale investment in this sector, diversify Canada’s automotive export markets, and position Canada as one of the global leaders in the electric vehicle industry.

21 hours ago