SMM May 14 update:
Second-life application weekly update:
Second-life battery market prices remained stable this week. Cost side, spot lithium carbonate pulled back rapidly after an earlier surge, while cobalt sulphate and nickel sulphate prices largely traded sideways and held steady, with raw material futures showing clearly divergent trends. Supply side, the market overall maintained a regular shipments pace, with cargo flow proceeding smoothly and in an orderly manner. There were no signs of new capacity ramping up or concentrated cargo inflows, lacking significant incremental support, and the overall industry supply side remained neutral and stable. Demand side, the small power market has fully banned the use of second-life disassembled battery cells. The small power application channel that previously supported part of the demand for disassembled products has been directly shut down, and there is currently no new substitute demand to fill the gap, forcing large volumes of disassembled products to be redirected to disassembly recycling channels for absorption. Although prices for disassembled products have temporarily remained stable, overall transaction volume has been extremely sluggish. For Grade A and B products, earlier expectations for price hikes had emerged driven by the sharp rise in lithium carbonate prices, but downstream acceptance of high prices remained low, and effective high-price transactions never materialized. As lithium carbonate prices have now pulled back rapidly, expectations for price hikes have quickly faded, and the overall trading pace has further slowed down.
SMM New Energy Research Team
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lv Yanlin 021-20707875
Lei Yue 021-20707873
