Home / Metal News / Iron phosphate prices hit new highs, while iron lithium manufacturers increase production without increase in revenue. [SMM Weekly Review]

Iron phosphate prices hit new highs, while iron lithium manufacturers increase production without increase in revenue. [SMM Weekly Review]

iconApr 12, 2024 19:16
Source:SMM
The price of lithium carbonate has been fluctuating recently, with a higher bias, while the price center of lithium iron phosphate has shifted upwards. The price trend of lithium iron phosphate is on the rise, but only slightly, making it difficult to see significant fluctuations.

This week, the price of iron phosphate has slightly increased. On the raw material side, the price of phosphoric acid has slightly increased, resulting in higher factory prices in remote areas. It may be difficult for the price of phosphoric acid to sustain its increase due to the completion of the fertilization stage and a decline in the price of sulfuric acid. The price of ammonium phosphate remains stable. Recently, there have been some cases of higher prices for scattered orders of iron phosphate, but the main price range is still around 10,000-10,500 yuan/ton. Due to the recent rise in raw material prices, iron phosphate companies are more willing to hold prices. In April, mainstream iron phosphate companies received more orders, with orders approaching full production capacity. However, some iron phosphate companies arrange production according to actual production capacity, refusing to accept lower-priced orders to reduce losses. On Friday this week, the price of iron phosphate was 10,100-10,900 yuan/ton, with an average price of 10,500 yuan/ton, an increase of 75 yuan from last week. 【Lithium Iron Phosphate】The price trend of lithium iron phosphate is slightly increasing, and there is still differentiation in the market in April The price of lithium carbonate has been fluctuating recently, with prices on the higher side, leading to an upward shift in the price of iron phosphate. The price trend of lithium iron phosphate is on the rise, but only slightly, with limited fluctuations. In terms of discounts, purchasing lithium carbonate has been more passive, as lithium iron phosphate companies hope to negotiate sales orders based on the actual price of lithium carbonate received, which may be difficult to match downstream expectations. In April, the production of lithium iron phosphate increased month-on-month, with significant increases from major factories, while smaller factories continue to explore the market at lower prices, leading to differentiation in prices and limited actual production increases. On Friday, the price of SMM lithium iron phosphate (power type) was 43,380-44,380 yuan/ton, with an average price of 43,880 yuan/ton, an increase of 180 yuan from last week.

SMM price
New Energy

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All