SMM May 13 Lithium Iron Phosphate spot Express: lithium Iron prices continue to decline Competition in the Energy Storage Market intensifies

SMM May 13: today, the price of lithium iron phosphate power type is 3.5-39000 yuan / ton, the average price is 37000 yuan / ton, down 1000 yuan / ton, the trading volume of the power market is small, and the competition in the energy storage market is intensified.

Recently, the price of lithium carbonate upstream has continued to fall, the price of superimposed iron phosphate has also declined slightly, and the price of lithium iron phosphate has dropped accordingly. The domestic power market demand is weak, the order quantity has not increased. The procurement of 5G base stations in the energy storage market has gradually increased since April, but domestic iron and lithium enterprises have overcapacity, market orders are serious, most manufacturers are forced to reduce prices, and iron and lithium prices basically fluctuate up and down the cost line. Energy storage iron lithium products continue to depress prices, and individual enterprises ship a small amount at a price of just over 30,000.