Electrolyte Prices Declined This Week (2026.4.7-4.9) [SMM Lithium Battery Electrolyte Market Weekly Review]

SMM April 9 News:

Electrolyte market prices declined this week. Specifically, the average prices of electrolyte for ternary power battery, LFP, and LMO were 30,250 yuan/mt, 28,500 yuan/mt, and 22,250 yuan/mt, respectively. Cost side, overall electrolyte costs edged down this week. LiPF6 side, raw material anhydrous hydrogen fluoride prices continued to rise while lithium fluoride prices saw limited fluctuations, pushing up LiPF6 production costs; coupled with maintenance and rational production control at some producers, market inventory was partially destocked. However, as some enterprises still faced inventory pressure, they opted for volume discounts based on their shipments and subsequent business strategies. Combined with downstream continuously pushing for lower prices for cost control, LiPF6 market prices declined. Additive side, overall industry inventory remained relatively high recently, and some additive prices pulled back, driving down comprehensive electrolyte costs, with electrolyte prices declining accordingly. Demand side, recovering demand from the battery cell segment, coupled with enterprise stockpiling for the upcoming period, led to an increase in battery cell production, which in turn boosted electrolyte demand simultaneously. Supply side, the electrolyte industry largely adopted a produce-based-on-sales model. Driven by downstream demand boost, enterprises raised operating rates in line with orders, and overall industry production rose in tandem. Overall, constrained by the relatively weak bargaining power of the electrolyte industry, future price trends still require close tracking of upstream raw material price changes.

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

Chen Bolin 021-51666836

Wang Yizhou 021-51595909