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Lithium iron phosphate increased by 29.73% in the first quarter



According to the data monitored by the business agency, as of April 8, the average price of lithium iron phosphate, a domestic premium power product, was 48000.00 yuan / ton. In just a few months, the price of lithium iron phosphate increased step by step. Compared with the beginning of January, the price of lithium iron phosphate increased by 26.32%, and the overall price increased by 29.73% in the first quarter, reaching 11000 yuan / ton. Since 2020, lithium iron phosphate has returned to people's attention. In the fierce industry competition, Lithium iron phosphate still faces many challenges.

Lithium iron phosphate under pressure

Before 2020, lithium iron phosphate was in a tepid state. Due to the lack of technology and the dual pressure of upstream and downstream, it was particularly difficult for enterprises to make profits. Until 2020, lithium iron phosphate returned to people's vision and became the new favorite of the new energy vehicle industry. The heat was once increased. Although lithium iron phosphate also suffered great pressure. Titanium dioxide enterprises built production lines across industries, upstream raw materials rose, and market price competition was fierce, In spite of many difficulties, the prospect of the industry is very optimistic.

Step growth, with a three-month increase of 29.73%

In early January 2021, the price of lithium iron phosphate was 37000 yuan / ton. By the end of January, the price rose to 38000 yuan / ton. The overall price rose by 2.7%, or 1000 yuan / ton. In early February, the price of lithium iron phosphate rose from 38000 yuan / ton to 42000 yuan / ton, up 13.51% from the beginning of January, or 5000 yuan / ton, 10.53% from the beginning of February, or 4000 yuan / ton, and the price of lithium iron phosphate in early March rose from 43000 yuan / ton, It showed a step-by-step growth of 48000 yuan / ton, with an increase of 11.63% in March. Compared with the beginning of January, the price increased by 29.73%, and compared with the beginning of February, the price increased by 26.32%.


Demand drives capacity growth

With the increasing demand for lithium iron phosphate, more and more enterprises have begun to build the production industry of lithium iron phosphate, increasing their scale, preparing for planning, and seizing the share. The demand for lithium iron phosphate is growing. Driven by the demand, the capacity of lithium iron phosphate in China will be 142000 tons in 2020, with a year-on-year increase of 45.7%. It is expected that the capacity of lithium iron phosphate will be more than 250000 tons in 2021. Lithium iron phosphate has been recognized by the market with its low-cost advantage, The market prospect of lithium iron phosphate is thus open.

The main raw material of lithium iron phosphate is lithium carbonate. The overall market price of lithium carbonate in East China rose rapidly in January 2021, and the price was slightly stable until the end of March.


Lithium carbonate index: on April 7, the lithium carbonate commodity index was 221.66, unchanged from yesterday, down 45.28% from the highest point 405.10 in the cycle (2018-01-07), and up 124.94% from the lowest point 98.54 on October 16, 2014. (Note: the period refers to 2011-09-01 to now)

Article source:Battery net

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