This week, ESS battery cell prices remained mostly stable, with market demand gradually weakening.

This week, the prices of 314Ah and 280Ah ESS battery cells remained stable, while the prices of 100Ah and 50Ah ESS battery cells saw a slight decline. From a cost perspective, the theoretical cost of 280Ah battery cells was 0.294 yuan/Wh, and that of 314Ah battery cells was 0.28 yuan/Wh, with overall changes being relatively small. On the market side, year-end domestic demand for ESS battery cells gradually decreased, and inquiry activities also significantly declined. Meanwhile, as battery cell manufacturers cleared inventory through previous low-price strategies, their current inventory and market prices have dropped to relatively low levels. At this time, it is the critical period for signing major material orders for battery cells in 2025, with prices still under intense negotiation. Additionally, battery cell manufacturers have yet to fully grasp changes in material prices, leading to low willingness to quote, which has slowed the decline in market transaction prices. Looking ahead, as the traditional off-season for ESS demand begins in Q1, most battery cell manufacturers are expected to implement production cuts due to changes in demand and the impact of the holiday. Coupled with relatively small short-term changes in battery cell costs, ESS battery cell prices are likely to remain stable in the short term.