Due to the continuous rise in the price of ammonium sulfate, the cost of phosphate iron enterprises has increased rapidly, leading to a growing sentiment of maintaining or raising prices. Recently, some phosphate iron enterprises have raised their prices to around 11,000 yuan per ton, but it is still difficult to pass down the cost. As the month-end negotiation period approaches, the price increase tolerance of lithium iron phosphate is limited, and the market situation remains unoptimistic.
On Friday, the price of phosphate iron ranged from 10,350 to 10,950 yuan per ton, with an average price of 10,650 yuan per ton, an increase of 50 yuan compared to last week.
[Lithium Iron Phosphate] June Lithium Iron Phosphate Market Expectations Are Weak, Bidding Process Draws Attention
Recently, the price of lithium iron phosphate has been relatively stable, but as the month-end negotiation period approaches, it may have some impact on market sentiment. The demand for new energy vehicles in June is expected to be weak, while the energy storage market is relatively stable. Market demand may start to decline in June. Recently, some battery cell manufacturers are preparing to start the bidding process for the second half of the year, and the industry is paying close attention to the bidding prices.
On Friday, the SMM price of lithium iron phosphate (power type) ranged from 41,680 to 43,080 yuan per ton, with an average price of 42,380 yuan per ton, a decrease of 110 yuan compared to last week.
If you have any further demand or concern, please contact: joannexu@smm.cn
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