SMM

[SMM Analysis: A Review of This Week's Cascade Price Trends] This week, prices in the cascade utilization market remained stable. In terms of supply, following last week's Lantern Festival, production at cascade enterprises has largely returned to normal, and the production activities of battery cell manufacturers and traders have gradually picked up, leading to an increase in the supply of waste battery cells for cascade utilization. On the demand side, although many enterprises have started procuring waste battery cells for production, due to market oversupply and continuously declining prices, upstream enterprises' efforts to maintain prices have been met with resistance from cascade producers, who are reluctant to purchase at high prices. Actual transactions were limited to essential demand. In the short term, waste battery cell prices are expected to remain stable, but with the anticipated growth in battery cell production and retirement volumes, supply may further increase, potentially causing prices to drop slightly.