LFP Prices Remain on a Downward Path

SHANGHAI, Feb 27 (SMM) - LFP prices continued to contract last week. As lithium salt prices started to drop at a sharper pace last week, the costs of LFP fell rapidly. LFP enterprises continued to hold back from purchasing raw materials. There has been no sign of recovery in the power battery market, and it is heard that orders were cancelled from time to time. Although the energy storage sector performed well, the transaction prices also shed further. As such, SMM estimates that LPF prices will remain on a downward path in view of the price drop in its main raw material lithium carbonate.