Battery-grade LCE surges to ¥175,000/t ($25,238), up 20.7% WoW. Futures ramp sharply post-Spring Festival.
LiOH granular jumps to ¥164,500/t ($23,724), up 33.7% WoW. Spodumene strength forces producers to raise offers.
NCM 5-series rises to ¥185,400/t ($26,738), up 17.7% WoW. LFP spirals +14.3% on lithium cost feed-through.
LiPF₆ softens to ¥127,000/t ($18,316) (-1.3%). FEC surges +17.2%, VC jumps +6.3%.
Anode Materials
High-End Artificial
$7,715 USD/t
NCM Cathodes
5-Series (Single Crystal)
$26,738 USD/t
LFP Cathode
Power Grade
$8,437 USD/t
Lithium Carbonate
Battery Grade
$25,238 USD/t
LiOH
Battery Granular
$23,724 USD/t
LiPF₆
Average Market
$18,316 USD/t
LCO
4.35V Grade
$57,110 USD/t
LMO
Dynamical MnO₂
$8,941 USD/t
Artificial Graphite remains the dominant power baseline.
Oil slurry and coal tar pitch prices climbing. Multiple needle coke enterprises pushing raw needle coke prices higher, squeezing anode margins.
Mid-tier artificial anode eases to ¥27,500/t ($3,966), down 1.4% WoW. High-end and low-end hold firm.
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 sector experiencing massive lithium cost pass-through. LFP surged 14.3% WoW to $8,437. NCM 5 at $26,738 (+17.7%). LMO at $8,941 (+21.1%).
Massive lithium cost pass-through across chemistries.
Market Analysis: LCE surges to ¥175,000/t ($25,238), up 20.7% WoW. Futures ramp sharply post-Spring Festival; downstream cautious at elevated levels.
Explosive move to $25.2k level.
LiOH surges 33.7% WoW to $23,724/t.
Soft at $18,316/t (-1.3% WoW).
Battery-grade LCE surged 20.7% as futures ramped sharply post-Spring Festival. Lithium salt enterprises actively shipped; downstream less willing to purchase at elevated levels.
LiOH granular jumped 33.7% as spodumene and LCE strength forced producers to raise offers. Some enterprises suffering losses, restraining production.
Battery cell plants and materials producers gradually resumed. Supply recovering; terminal demand from EV/ESS markets showing early improvement.
Oil slurry and coal tar pitch prices climbing. Multiple needle coke enterprises pushing prices up. Anode materials producers face margin squeeze as feedstock costs rise.
Risk Warning: Lithium markets saw explosive post-Spring Festival moves with LCE +20.7% and LiOH +33.7%. Cathode costs are accelerating rapidly. Downstream buyers are cautious at these elevated levels — a correction risk is building.
D3CT Recommendation: Urgently review lithium procurement exposure. The speed of this rally (20.7% in one week) suggests speculative futures activity. Consider hedging cathode input costs and securing electrolyte at still-favorable LiPF₆ levels.
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