company news about The price of LiFePO4 keeps rising

As of February 23, the average price of domestic power grade lithium iron phosphate was 42000.00 yuan / ton. After the festival, the price of lithium iron phosphate rose in a wide range. Due to the rising raw materials, lithium iron phosphate rose passively, with a daily increase of 1000 yuan / ton.

According to the data, as of February 23, the average price of domestic power grade lithium iron phosphate was 42000.00 yuan / ton. After the festival, the price of lithium iron phosphate rose in a wide range. Due to the rising raw materials, lithium iron phosphate rose passively, with a daily increase of 1000 yuan / ton.

Due to the soaring price of upstream lithium carbonate, the price of LiFePO4 rises passively, the purchase of raw materials is cautious, and the bullish atmosphere is strong. The price range of LiFePO4 power market is 42000-46000 yuan / ton. At present, the price range of energy storage lithium iron phosphate is 38000-40000 yuan / ton, the inventory is normal, the negotiation atmosphere is general, new orders have increased, and most of them are contract customers. The price of upstream lithium carbonate industrial grade lithium carbonate is 73000-76000 yuan / ton, and the price of battery grade lithium carbonate is 77000-79000 yuan / ton. In the short term, it will maintain a high level, and the rising space is limited. It is mainly used in new energy vehicles, energy storage and other fields, among which the new energy vehicle industry has the largest application scale. In recent years, the market development of LiFePO4 battery is slower than that of ternary lithium battery due to the weakness of battery life. According to the statistics of China Battery Industry Association, the output of lithium iron phosphate materials for lithium batteries in China in 2020 is only about 143000 tons.

On February 22, the lithium carbonate commodity index was 185.99, up 1.02 points from yesterday, down 54.09% from 405.10 points (2018-01-07), the highest point in the cycle, and up 88.75% from 98.54 points, the lowest point on October 16, 2014.