SMM analysis: The trends of the iron phosphate industry in 2024, no steps can be saved.
In 2023, the iron phosphate industry developed rapidly, and capacity expansion was once in full swing. In the market, there are several seemingly unexpected but expected phenomena: 1. The competition in the market is far more fierce than expected. 2. The binding of major customers is not immune to the temptation of profit. 3. The spirit of locking prices and quantities in contracts has disappeared. The iron phosphate industry has a beautiful trap: the entry threshold seems low but is actually high, and many newcomers continue to pay tuition fees. The situation in the supply market, where "profits are high and money is easily made" and "return on investment in one year and profits in two years" is gone for good. The tempting prospects of the future still beckon new companies to join...
In 2024, the trend of the iron phosphate industry, the precursor of lithium iron phosphate, is still expanding in demand, and capacity is also expanding. The following briefly discusses the trends of the iron phosphate industry from four aspects.
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