Lithium Iron Phosphate Market: Prices Dip as Supply Boosts Competition; September Demand Up, October Outlook Uncertain

[Lithium Iron Phosphate] Demand Continues to Improve in September, Market Orders Competition Intensifies

1. This week, the price trend of lithium iron phosphate was downward, with the processing fee of lithium iron phosphate and the converted price of lithium carbonate having a significant impact. Due to sufficient supply and little difference, the low- and mid-end products of various enterprises are more replaceable, leading to a more pronounced price war.

2. In August, the production of lithium iron phosphate cathode enterprises was relatively good, and the expected output in September is expected to continue to increase, with both power and energy storage orders showing an increase. However, the surge in output in the third quarter is more about preparing for the golden September and silver October, with a strong phasing nature. Although market sentiment in August and September was relatively optimistic, uncertainty in October will increase.