Reported 11 months ago
According to TrendForce's latest research, the power battery industry chain experienced a low point in capacity utilization in the first quarter of this year. Since March, market demand has significantly rebounded, leading to a surge in demand during the peak season in April which boosted lithium battery production and slightly increased power battery prices. The article details the steady demand for power batteries in May, maintaining stable prices. Furthermore, it discusses the increasing demand for energy storage cells, especially due to rising solar energy storage needs and preparations for energy storage grid projects in China throughout May and June, which have led to a slight price increase for some products. TrendForce forecasts that battery material procurement demand may fall in the short term in June, putting pressure on lithium prices, potentially resulting in a small decrease in battery prices by the end of the second quarter.
Source: YAHOO