(SMM Weekly Review: Supply and demand for LFP remain robust in early May, and demand from energy storage end-users starts to grow)

Published: May 11, 2024 17:52

Source: SMM

Save

(SMM Weekly Review: Supply and demand for LFP remain robust in early May, and demand from energy storage end-users starts to grow) Recently, the LFP market has been relatively stable, with prices showing no significant fluctuations. Raw material prices such as lithium carbonate have fluctuated, while the price of iron phosphate has seen a slight increase. The price trend of iron lithium is based on fluctuations in raw material prices...

SMM news on May 11:
[Iron Phosphate] Iron phosphate prices rose slightly, and May orders showed a good momentum.

Recently, iron phosphate prices have been slightly adjusted upwards, and the ex-factory quotes for enterprises have been raised by about 100-200 yuan. The focus of the transaction price is around 10.3-10.6 thousand yuan. The price of raw material phosphoric acid remained stable after the holiday, but the ex-factory price of leading phosphoric acid enterprises has reached about 6500-6600 yuan, and the delivered price will still be high. Therefore, iron phosphate enterprises have a strong willingness to hold their offers firm. In addition, due to the recent weak operation of the titanium dioxide market, it may affect the supply of ferrous sulfate, and then the price will fluctuate; the focus of hydrogen peroxide prices remains firm. Due to the cost suppression of LFP, the actual increase in iron phosphate is small, and it is expected that prices will be difficult to rise continuously. In May, the market demand for iron phosphate will increase steadily, and enterprises have good expectations for production scheduling.

The price of iron phosphate this Friday is 10200-10920 yuan per mt, with an average price of 10560 yuan per mt, up 10 yuan from a week ago.

[LFP] In May, the demand for iron lithium energy storage increased, and enterprises were well prepared for the volume increase in Q2.

Recently, the LFP market has been relatively stable, with no significant price fluctuations. The raw material end of lithium carbonate fluctuates, and the price of iron phosphate has been slightly adjusted upwards. The trend of iron lithium prices rises and falls based on fluctuations in raw material prices. Some integrated iron lithium enterprises have external procurement plans as adjustments to reduce the production cost of iron phosphate. On the demand side, market feedback indicates that there will be an increase in energy storage in May due to the promotion of mid-year grid connection demand, while power demand will remain stable. Overall, the iron lithium market remains optimistic about expectations for May.

Energy Storage New Energy new energy prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

Sep 11, 2026 14:42

[Solid-State Battery: Nine Departments’ 15th Five-Year Plan Incorporates Automotive Solid-State Batteries into the Specialized Standards System, Accelerating the Supply of Cutting-Edge Technology Standards]

[Solid-State Battery: Nine Departments' 15th Five-Year Plan Incorporates Automotive Solid-State Batteries into Specialised Standards System, Accelerating Supply of Cutting-Edge Technology Standards] On 9 September 2026, the Ministry of Industry and Information Technology (MIIT) and eight other departments issued the 15th Five-Year Plan for the Development of the Intelligent Connected New Energy Vehicle Industry (MIIT Joint Regulation Letter [2026] No. 305). In the task of "continuously improving the standards system," the Plan specifies the ongoing establishment and refinement of specialised standards systems for automotive chips, automotive software, automotive artificial intelligence, automotive solid-state batteries, and low-carbon development of automobiles. In the task of "accelerating the supply of cutting-edge cross-disciplinary standards," it further proposes accelerating the formulation of frontier technology standards for automotive artificial intelligence, cockpit-driving integration, solid-state batteries, distributed electric drive, fully active suspension, integrated driving units, and chassis fusion control. The Plan does not establish a separate special clause for the industrialisation of solid-state batteries; the relevant arrangements primarily focus on standards taking the lead, providing regulatory support for subsequent technological breakthroughs and large-scale application.

Sep 11, 2026 14:42

Sep 11, 2026 13:57

[Storage: Anhui Normal University Li-Cl2 battery study published in Advanced Materials]

Researchers at Anhui Normal University, with Beijing Normal University and University of Science and Technology Beijing, published results on high-performance lithium-chlorine batteries in Advanced Materials. By tuning pore size in covalent organic framework materials from about 2.7 nm down to 0.9 nm, the team greatly enhanced chlorine confinement. The optimized microporous material achieved over 97% coulombic efficiency at high current density, 200 stable cycles at minus 20 degrees Celsius with 99% average efficiency, and high discharge capacity even at minus 40 degrees, offering a general design strategy for practical Li-Cl2 batteries.

Sep 11, 2026 13:57

Sep 10, 2026 09:26

[Solar: Ukraine outlines distributed solar-plus-storage reconstruction strategy]

Ukrainian First Deputy Prime Minister and Energy Minister Denys Shmyhal told a visiting German green-tech delegation on September 9 that pre-war generation capacity of more than 50 GW had fallen to under 10 GW following last winter's attacks, and that the country's strategic goal is to return above 50 GW with a fundamentally different energy mix: around 30% renewables, hydrogen-ready gas-fired plants, and nuclear, with no significant rebuilding of coal. Distributed solar and storage are positioned as core elements of national security architecture, with German firms such as BSW-Solar members already engaging on hospital, water utility, school, and business resilience projects.

Sep 10, 2026 09:26