Prices remained stable this week, and the short-term impact of the call to resist the "rat race" competition was limited.

This week, the overall price of separators remained stable. Wet-process base film: 5/7/9μm was quoted at 1.35/0.76/0.74 yuan/㎡ respectively; dry-process base film: 12/14μm was quoted at 0.45/0.44 yuan/㎡ respectively. Recently, dry-process separator enterprises responded to the national anti-"rat race" competition policy and held an anti-"rat race" competition meeting. However, in May, leading dry-process separator enterprises had already put forward relevant initiatives, spontaneously limiting capacity and refusing low-price competition. Currently, certain results have been achieved. In the short term, it is believed that the call for anti-"rat race" competition will not have a significant impact on the production and prices of the entire industry. The specific effect will depend on the subsequent self-discipline of each enterprise. It is expected that prices will remain stable in the short term.

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
Zhang Haohan 021-51666752
Wang Zihan 021-51666914
Wang Jie 021-51595902
Xu Yang 021-51666760

Wang Zhaoyu 021-51666827