Iron Phosphate Prices Surge: Suppliers Send Price Increase Notices to Lithium Iron Phosphate Enterprises

Latest Update on Iron Phosphate: Prices on the Rise Against the Trend?

On February 19th, the first trading day after the Spring Festival, news emerged from the market that suppliers of iron phosphate precursors have sent price increase notices to lithium iron phosphate enterprises. Due to cost pressures, iron phosphate enterprises are facing significant loss pressures. In the face of this, companies are having a difficult time choosing between continuing to seize market share at a loss or shrinking market share to maintain a healthier cash flow. On the first trading day after the festival, some companies have proposed price increases as a way to change the current situation. In the current situation of overcapacity, severe price undercutting, and frequent incidents of seizing market share at a loss, there have been instances of repeatedly yielding to low prices in order to gain market share. Will the price increase notices bring benefits for the regulation and orderliness of the market? SMM will continue to monitor the market changes in the later period.