This week, the price of electrolyte slightly decreased. Under the tug-of-war between sellers and buyers, it is expected to fluctuate rangebound in the short term [SMM Weekly Review of Lithium Battery Electrolyte Market]

SMM July 17 News:

This week, electrolyte prices have declined. Specifically, the average prices of electrolytes for ternary NEV, LFP, and LMO batteries were 21,650 yuan/mt, 17,700 yuan/mt, and 14,400 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 relatively stable, leading to a decrease in the overall manufacturing cost of electrolytes. On the demand side, the NEV market has been affected by high inventory pressure at the terminal level, resulting in a more conservative production pace. This trend has directly impacted the upstream power battery sector, causing a slight MoM decline in power battery demand. In the ESS market, however, overseas ESS demand continues to grow, effectively supplementing battery demand, with overall battery demand showing a slight increase. Supply side, electrolyte companies continue to operate under a "produce based on sales" model. Despite the continued low prices in the electrolyte market, due to the industry's structural overcapacity, some companies still adopt a "volume discount" strategy. Considering multiple factors, it is difficult to fundamentally reverse the oversupply situation in the electrolyte market in the short term, and prices lack the momentum for a significant rebound. However, as raw material prices stabilize at the bottom, the downside room for prices will also narrow, and it is expected that electrolyte prices will remain rangebound in the near 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