SMM

This week, LFP prices showed relatively small fluctuations, with a slight increase. Lithium carbonate prices showed signs of stabilizing after a decline this week, and long-term contracts for next year are expected to be signed mostly with no discount or very low discounts. Processing fees saw little change this week, remaining generally in line with long-term contract prices and relatively stable. However, due to the rising trend in iron phosphate prices, material manufacturers have shown a strong demand for processing fee increases in the near term and for next year, with a clear sentiment to stand firm on quotes. This week, LFP tender results included cases of failed bids, as upstream and downstream parties have yet to reach a consensus and are currently in a negotiation phase. Regarding the operating rate, leading and second-tier LFP enterprises maintained high operating rates this week, and China's LFP production in December is not expected to see a significant decline. Overall, the LFP market continued to operate on a high-growth trajectory this week, with no signs of order reductions observed.