1、 Price trend

According to the analysis system of the commodity market of Business Society, as of April 29th, the price of high-quality power type lithium iron phosphate is 43612 yuan/ton, and the price of energy storage type lithium iron phosphate is 42300 yuan/ton. After the holiday in May, the lithium iron phosphate market has mainly maintained stable operation, with prices maintaining stable operation and no significant fluctuations. Upstream iron phosphate prices have remained stable, while lithium carbonate prices have remained stable with a moderate to strong trend and limited increase. The cost support for lithium iron phosphate is average. Currently, the supply and demand balance of the lithium iron phosphate market is the main trend.

2、 Market analysis

In terms of cost: After the May Day holiday, the upstream lithium carbonate price has remained stable with a strong trend, inventory has remained high, downstream procurement enthusiasm is insufficient, and the overall market transaction atmosphere is cold. It is expected that the short-term spot price of lithium carbonate will remain stable, and the upstream iron phosphate price will remain stable with a small range of price fluctuations. It is expected that the current price trend will remain the main trend in the short term.

3、 Future Market Forecast

In summary, from the perspective of market supply and demand, the current market supply is sufficient, downstream demand is insufficient, and upstream lithium carbonate and iron phosphate prices lack upward momentum, making it difficult to boost the price of lithium iron phosphate. It is expected that in the short term, lithium iron phosphate will maintain its current trend, the price of high-quality power grade lithium iron phosphate will remain around 43612 yuan/ton, and the price of energy storage type lithium iron phosphate will remain around 42300 yuan/ton.