The price of iron phosphate is stagnant and falling, and the price of lithium iron phosphate will stabilize in the future. [SMM research]

SMM10 March 28: according to SMM research, lithium iron phosphate market, the current power restriction policy in Guangxi, Yunnan, Guizhou and other regions has been relaxed, power restrictions have been weakened, the production capacity of local yellow phosphorus and some phosphorus chemical enterprises has rebounded, and the operating rate has gone up. The prices of some iron phosphate raw materials such as phosphoric acid have fallen rapidly, driving down the price of iron phosphate. The current mainstream transaction price is about 23000 yuan / ton. While lithium iron phosphate, another raw material, lithium carbonate, due to recent power cuts, downstream manufacturers due to recent high prices and power cuts, demand has weakened, the upward trend has gradually slowed down. The superposition of two kinds of raw materials has caused the manufacturing costs of some lithium iron phosphate manufacturers to decline, but it is currently in the fourth quarter, the application proportion of new energy vehicle demand volume superimposed iron lithium battery in new energy vehicles has increased, the uplink demand is gradually increasing, and the supply gap of iron and lithium is still in place, which supports the price. It is expected that the price of lithium iron phosphate will remain high in November.

SMM New Energy Research team

Mei Wangqin 021-51666759

Huo Yuan 021-51666898

Liu Xiaoyi 021-51666716

Yuan Ye 021-51595792

Ren Pengfei 021-51595913