In previous summers, the fertilizer market entered the traditional consumption off-season, and industrial-grade MAP prices often came under pressure due to shrinking agricultural demand. However, this year differs from previous years as industrial-grade MAP prices did not experience a significant decline during the off-season but remained relatively high compared to the same period in previous years, showing an unusual trend of "stronger-than-usual off-season."

[SMM Weekly Review of Lithium Battery Electrolyte Market: Electrolyte Prices Declined This Week (2025.7.14-7.17)] From July 14 to July 17, 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 Weekly Review of Lithium Battery Anode Market: Anode Material Prices Remained Stable This Week] SMM reported on July 17: This week, the prices of artificial graphite anode materials maintained a stable trend. Cost side, the cost of anode raw materials remained stable.

[SMM Weekly Review of Lithium Battery Graphite Market: Graphitisation Market in Stalemate, Prices May Rise Slightly in the Future] SMM reported on July 17: This week, the graphitisation market prices showed a relatively stalemate trend. Supply and demand side, with the accelerated advancement of integrated layout by anode material enterprises

[SMM Weekly Review of Lithium Battery Anode Raw Material Market: This week, the price of low-sulphur petroleum coke remained stable, with an average market price of 3,860 yuan/mt.]

This week, the price of 5-series ternary cathode material increased slightly, while the prices of 6-series and 8-series ternary cathode materials declined.

This week, the price of ternary cathode precursor decreased slightly.

[SMM Analysis: Review and Outlook of the Electrolyte Industry in H1 2025] According to SMM statistics, over the past six months, the total production of electrolyte reached 907,480 mt, up 62.5% YoY compared to 558,390 mt in H1 2024.

[SMM Analysis: Review and Outlook of the LiPF6 Industry in H1 2025] In H1 2025, the total production of LiPF6 reached 113,985 mt, up 46.8% YoY compared to 77,628 mt in H1 2024.