ICC News: Electrolyte market has been stabilizing lately. The move of price cut is drawing to an end. Prices have decreased to the level it should be at. Right now, prevailing prices of electrolyte are 35,000 to 42,000 yuan/ton, high-end products around 70,000 yuan/ton and low-end products 21,000-29,000 yuan/mt. Large plants don't see much fluctuation in production at the moment, although it is estimated to undergo one marked change after June. Small and medium-sized manufacturers with orders mainly coming from digital products indicated bookings are at modest level.
On the raw material market, prices of hexafluorophosphate lithium hold steady in low terriority; prevailing quotes are 100,000-120,000 yuan/ton with some reaching up to 150,000 yuan/ton. Solvent prices are stable for now. Although, with the nearing of Qingdao SCO Summit, the estimated roduction suspension of propylene oxide in early June could push up its price, thus posing challange to solvent prices as well. Right now, DMC is quoted 6,900-7,500 yuan/ton and DEC13,000-14,000 yuan/ton.
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