SMM Analysis On China September Iron Phosphate Production And October Forecast

Published: Oct 15, 2024 13:45

Source: SMM

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In September, China's iron phosphate production increased 15% MoM and 65% YoY.

In September, China's iron phosphate production increased 15% MoM and 65% YoY. The production increase was significant, driven by downstream demand, leading to a gradual recovery in the upstream iron phosphate market. Both top-tier and second-tier enterprises showed good operational status, with a noticeable increase in orders, further boosting production. Some companies reduced output due to equipment maintenance, but the overall industry production trend was upward.

Cost side, phosphate prices rose in September. Mid-month, some companies resumed phosphate production, increasing market supply. Pre-holiday downstream stocking supported the market, maintaining supply-demand balance; industrial ammonium prices remained stable.

Price side, iron phosphate prices saw a slight increase in September, with most companies intending to raise prices due to tight market supply and high phosphate prices. October's production schedule growth is expected to slow, but market feedback is optimistic, with October's LFP production expected to maintain roughly the same MoM and YoY growth as in September.

Output

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.

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