Weekly review and forecast of LFP

SHANGHAI, Jun 20 (SMM) -LFP prices were relatively stable last week. The market demand for LFP is positive, and the price has stopped rising and stabilized. The overall operating rate of LFP sector remained high, which assured stable production and continuous increase in supply. The growth of lithium carbonate prices slowed and stabilized. The price of iron phosphate was temporarily stable. The purchase of raw materials was mainly restocked on demand. Production and sales of NEV increased in May. The delivery situation in the energy storage sector has improved significantly amid relatively stable raw material prices. However, under the context of severe competition among automobile enterprises, it is difficult for battery factories to raise LFP prices. At present, the transaction prices of LFP above 100,000 yuan/mt are still rare, and the prices may remain stable.