Analysis from Taipei-based intelligence supplier TrendForce discovered that the common worth for lithium iron phosphate (LFP) vitality storage system cells continued to slip in August, reaching CNY 0.35/Wh ($0.049/Wh). Meanwhile, the demand for giant capability cells continues to develop at a gentle tempo.
From ESS News
As uncooked materials costs proceed to drop, battery cell prices face downward strain.
After a decline within the worth of battery-grade lithium carbonate under CNY 90,000/ton ($12,654/ton) in July, a brand new historic low was set in August as the worth additional fell under CNY 80,000 / ton, based on market analyst TrendForce.
The continued lower in cobalt and nickel salts additionally precipitated a lower within the costs of cathodes, electrolytes, and different battery elements.
Meanwhile, demand for grid-scale vitality storage system battery cells continued to develop in August, driving continued progress in 314 Ah orders. The pattern in direction of higher capability of vitality storage cells stays unchanged, and costs proceed to lower, analysts observe. The common promoting worth (ASP) for lithium iron phosphate (LFP) vitality storage cells fell to about CNY 0.35/Wh in August – a 6% month-to-month drop.
Prices for EV cells decreased by 4% month-on-month, and the common worth for sq. LFP cells decreased under CNY 0.4/Wh, whereas sq. ternary and pouch ternary EVs battery cells averaged CNY 0.46/Wh and CNY 0.48/Wh, respectively.
While the oversupply of lithium is unlikely to reverse, and the long-term pattern for lithium carbonate costs will stay downward, a short-term and modest change in lithium salt costs could be anticipated within the close to future. with the arrival of the normal peak season. (Sept-Oct). This is predicted to immediate extra stocking exercise on the downstream facet after a interval of decreased stock throughout the provision chain.
According to TrendForce, cathode producers and battery cell producers are revising their manufacturing plans upwards as downstream demand reveals indicators of restoration.
However, uncertainties stay for China’s NEV sector, which faces commerce dangers from tariffs in abroad markets such because the US, Canada, and Europe. The US initially deliberate to impose a 100% tariff on Chinese-made EVs beginning August 1, however this transfer has been postponed. Canada plans to observe go well with with an analogous 100% tariff on Chinese-made EVs, set to enter impact on October 1st.
TrendForce believes that, attributable to these uncertainties in worldwide tariff insurance policies, battery producers could begin stockpiling as lithium costs strategy their backside.
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