SMM

Last week, the LFP market price showed signs of stabilizing and rising slightly, with an overall average increase of about 130 yuan/mt. The main reason for the price increase was the significant upward trend in lithium carbonate prices, which rose by approximately 600 yuan/mt. Processing fees remained relatively stable this week; however, given the recent conclusion of long-term agreement negotiations between material manufacturers and downstream battery manufacturers, mid-to-high-end material processing fees are expected to rise slightly in the near future.

In terms of supply, the overall operating rate of LFP material manufacturers remained relatively active this week, with no significant production cuts observed. On the demand side, the production schedule of downstream battery cell manufacturers was relatively stable, showing a notable increase compared to the same period last year.