China battery prices face downward pressure as lithium prices continue to fall, says TrendForce

TrendForce expects battery cell prices to continue to face downward pressure at the beginning of the third quarter, with hopes for price stabilization resting on restocking demand under the peak season at the end of the third quarter.

China's lithium carbonate remains in oversupply, leading to continued price pressure, which in turn is putting downward pressure on power battery cell prices, said market research firm TrendForce.

As the oversupply situation is difficult to resolve in the short term, the price of lithium carbonate in China fell to a new low for the year, from more than RMB 100,000 ($13,750) per ton last month to around RMB 90,000, TrendForce said in a report released on Jul 8.