Lithium Iron Phosphate Prices Slightly Decline Despite Stable Market Conditions, Driven by Carbonate Rebound and Moderate Demand Growth

This week, the price of lithium iron phosphate ranged from 32,000 to 33,100 yuan per ton, with an average price of 32,550 yuan per ton, a decrease of 50 yuan from last week.

The price of lithium iron phosphate remained largely stable this week compared to last week. The main reason is that the price of lithium carbonate experienced a small rebound for several consecutive days this week, driving up the price of lithium iron phosphate. However, the processing fee for lithium iron phosphate remained low, making it difficult for the price of lithium iron phosphate to rebound significantly. Due to the different downstream customer groups, the feedback on demand increments in the power and energy storage sectors will vary among lithium iron phosphate enterprises. Overall, demand continued to improve in September, and some phased projects may continue in October.