SMM March 13 News:
This week, electrolyte prices declined. The average price of electrolyte for ternary power batteries was 24,500 yuan/mt, while the average price for LFP batteries was 20,000 yuan/mt. On the cost side: The price of its core raw material, LiPF6, dropped significantly, with an average price of 60,900 yuan/mt. The prices of solvents and FEC additives also decreased, while the price of VC remained stable. As a result, the overall cost of electrolyte decreased. On the demand side: End-use demand recovered slowly, maintaining stable procurement of electrolytes. On the supply side: Electrolyte manufacturers produced based on orders from battery cell manufacturers, while LiPF6 enterprises also produced according to the order demands of electrolyte companies. The procurement status of both electrolytes and LiPF6 remained stable. In the short term, fluctuations on the cost side are expected to lead to a further decline in electrolyte prices.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Ying Xu 021-51666707
Yanlin Lü 021-20707875
Yujun Liu 021-20707895
Xiaodan Yu 021-20707870
Xianjue Sun 021-51666757
Zhicheng Zhou 021-51666711
He Zhang 021-20707850
