Output of LFP Stood at 50,714 mt in March, down 4.9% from February

SHANGHAI, Apr 11(SMM) - The domestic output of LFP stood at 50,714 mt in March, down 4.9% on the month and up 97.9% on the year. The production capacity of some leading LFP factories in March, but the pandemic recurred nationwide, resticting the deliveries of some enterprises. Meanwhile, prices of lithium salt started to fall with LFP prices stabilised at a high level. Under the impact of uncertain terminal demand, limited supply of some main materials like anode, and the adequate inventory of LFP, downstream battery enterprises remained wait-and-see, and their demand for LFP declined, leading to the fall of output and sales of LFP. Output of LFP is expected to stand at 41,429 mt in April, a month-on-month decrease of 18.3% and year-on-year increase of 50%.