Electrolyte Prices Declined This Week (2026.4.2-4.23) [SMM Lithium Battery Electrolyte Market Weekly Review]

Published: Apr 23, 2026 15:01

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[SMM Lithium Battery Electrolyte Market Weekly Review: Electrolyte Prices Declined This Week (2026.4.2-4.23)] From April 20 to April 23, 2026, electrolyte prices declined. Future price trends will still need to focus on upstream raw material price movements.

SMM April 23 News:

Electrolyte market prices declined this week. Specifically, the average prices of electrolyte for ternary power battery, LFP, and LMO applications were 28,950 yuan/mt, 27,200 yuan/mt, and 21,500 yuan/mt, respectively. Cost side, the comprehensive cost of electrolyte continued to edge down this week. LiPF6 side, supported by continued price increases in upstream raw materials, LiPF6 production costs rose. For enterprises that fully purchase externally for raw materials, current product prices have approached the cost line. Combined with continued destocking in the earlier period and significantly eased inventory pressure, enterprises showed weak willingness to cut prices, and lithium chemicals prices remained stable in the short term. Additive side, affected by concentrated maintenance at multiple facilities, VC industry inventory pulled back notably. Coupled with steady recovery in downstream demand and limited new supply increments, the industry supply-demand pattern tightened, further supporting VC prices to hold temporarily stable at high levels. Solvent side, upstream propylene oxide prices pulled back, and overall solvent supply remained ample, leading to weakening market prices. This dragged down the comprehensive cost of electrolyte and gradually transmitted to the finished product side, driving electrolyte market prices to edge down slightly. Demand side, as the auto show is expected to boost passenger NEV sales to rebound, coupled with steady growth in energy storage demand, overall lithium battery demand is expected to increase further. Supply side, electrolyte enterprises mostly produce based on sales. As demand recovers, industry production is expected to rise in tandem. Overall, given the relatively weak bargaining power of the electrolyte industry, subsequent price trends still need to focus on changes in upstream raw material prices.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Xu Mengqi 021-20707868

Hu Xuejie 021-20707858

Chen Bolin 021-51666836

Wang Yizhou 021-51595909

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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