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SMM May 22nd Lithium Phosphate spot Express: the market price of energy storage gradually deviates from the overall demand of the cost line or start in the second half of the year.
May 22,2020 12:00CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM May 22nd: the recent price of lithium iron phosphate power is 3.5-37000 yuan / ton, the average price is 36000 yuan / ton, the power market is still slowly recovering, the market trading volume is less, the price has dropped slightly.

In terms of the power market, the domestic passenger car and bus market recovers slowly, and the demand for lithium iron is still not as good as that of the same period last year. In addition, lithium carbonate continues to decline slightly, and the price of lithium iron also falls accordingly. The demand for the quality of iron lithium in the energy storage market is on the low side, many iron lithium enterprises compete for orders, the price of iron lithium battery pack in 5G base station is declining all the way, the overcapacity in iron lithium market is serious, and the price of iron lithium is plummeting, which is basically about 30,000 yuan / ton at present, gradually deviating from the cost line. This year, the purchase volume of iron lithium in the energy storage market is expected to officially open in the second half of the year, and the power market may also increase demand after the sale of new models in the second half of the year. The demand for iron lithium has not changed much in the short term, and prices continue to be under pressure.

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