Phosphate Prices Surge: Production Costs of Ferrous Phosphate and Lithium Iron Phosphate on the Rise

Phosphate prices increase, production costs of ferrous phosphate and lithium iron phosphate rise

In the price release at the end of February 25th, the price of lithium iron phosphate and ferrous phosphate wet-process phosphoric acid (PPA) has been raised, with the leading PPA company raising its ex-factory price by 150 yuan. SMM phosphate (85%) price: ex-factory price of 5600-5900 yuan per ton. Post-holiday market transactions are weak, with sporadic inventory replenishment by companies at the end of February, and some scattered orders beginning to be executed at the new prices.