Latest News on Iron Phosphate: Against the Trend of Price Increase?

On February 19th, the first trading day after the Spring Festival, news came from the market: lithium iron phosphate companies received price increase notices from their precursor iron phosphate suppliers. Due to cost pressures, iron phosphate companies are facing significant losses. In terms of continuing to seize market share at a loss or shrinking market share to maintain stronger cash flow, various companies are facing difficult choices. On the first trading day after the holiday, some companies proposed price increases, which could be a way to change the current situation. Currently, there is overcapacity, severe price competition, and frequent incidents of seizing market share at a loss, leading to a situation where companies have repeatedly conceded to lower prices for market share. Will the market benefit from this price increase notice in terms of bringing order and regulation? Please stay tuned to SMM for future market changes.