Market Dynamics of Lithium Iron Phosphate Precursor: Downstream Lithium Iron Phosphate Companies Received Price Increase Letter?
On the first trading day after the Spring Festival, news came from the market: lithium iron phosphate companies received a price increase letter from iron phosphate companies. Against the trend, prices are rising? After investigation, it was found that due to the cost inversion, some iron phosphate companies are unable to bear the pressure of low selling prices and significant losses, thus applying for a price increase. Currently, there is overcapacity, severe price undercutting, and frequent incidents of competing at a loss to gain market share, leading to a situation where companies have repeatedly conceded to accept low prices for market share. Will this price increase letter event bring benefits to the market's regulation and order? SMM will continue to monitor the market situation in the coming period.
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