Lithium Carbonate pulls back to ¥140,000/t ($20,110), down 14.6% WoW. Profit-taking and demand weakness pressure the market.
LFP Power Grade dips to ¥49,700/t ($7,139), down 10.8% WoW on lithium correction.
Electrolyte salt slides to ¥130,000/t ($18,674), down 5.8% WoW on overcapacity.
Mid-tier artificial anode holds at ¥27,500/t ($3,950). Producers capture margin from feedstock shifts.
Anode Materials
High-End Artificial
$7,685 USD/t
NCM Cathodes
5-Series (Single Crystal)
$25,626 USD/t
LFP Cathode
Power Grade
$7,139 USD/t
Lithium Carbonate
Battery Grade
$20,110 USD/t
LiOH
Battery Granular
$20,972 USD/t
LiPF₆
Average Market
$18,674 USD/t
LCO
4.35V Grade
$57,170 USD/t
LMO
Dynamical MnO₂
$8,331 USD/t
Artificial Graphite remains the dominant power baseline.
GPC and needle coke markets remain largely stable. Anode producers continue operating with measured inventory management.
Anode enterprises producing on strict "sales-based" model to avoid inventory bloat. Supply discipline keeping prices stable.
Transition to LWG furnaces (2,500-3,000 kWh/MT) from Acheson (4,000-4,800 kWh/MT) enables massive margin capture for advanced producers.
Cathode Dynamics:Cathode prices easing on lithium correction. LFP dipped 10.8% WoW to $7,139/t.
Direct lithium cost pass-through across chemistries.
Market Analysis: LCE corrects to ¥140,000/t ($20,110), down 14.6% WoW. Profit-taking after extended rally.
Correcting around the $20.1k level.
LiOH trading at $-862/t premium to LCE.
Declining on overcapacity.
Speculative positions are being unwound after the sharp rally. Downstream buyers stepping back from spot.
LiPF₆ continues descent (-5.8% WoW) as new capacity outpaces demand growth.
The spread between LiOH and LCE has narrowed, suggesting more balanced supply-demand dynamics.
Graphite anode enterprises continue "sales-based" production model. Despite feedstock cost movements, prices stable as manufacturers prioritize margin.
Risk Warning: The lithium correction provides temporary relief, but structural supply constraints remain. Use this window to secure favorable term contracts.
D3CT Recommendation: Capitalize on the pullback for strategic procurement. Build inventory at these levels while maintaining hedging for potential rebounds.
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