1、 Price trend

According to the analysis system of the commodity market of Business Society, as of May 28th, the price of high-quality power type lithium iron phosphate is 43350 yuan/ton, and the price of energy storage type lithium iron phosphate is 42066.67 yuan/ton. This week, the overall weak operation of the lithium iron phosphate factory was the main trend, with a stable and weak price trend. Upstream iron phosphate prices remained strong, while lithium carbonate prices fell weakly with limited growth. The cost support for lithium iron phosphate was weak, and the supply and demand balance of the lithium iron phosphate market was mainly in the short term.

2、 Market analysis

In terms of cost: This week, upstream lithium carbonate was mainly weakly operated, with increased production and high inventory levels, resulting in continuous market supply pressure. In addition, some manufacturers have a strong willingness to lower prices, leading to a continued downward shift in spot prices. It is expected that lithium carbonate will maintain a stable, moderate, and weak trend in the short term.

3、 Future Market Forecast

In summary, from a cost perspective, upstream prices have risen and fallen, while lithium iron phosphate prices maintain their current trend. Currently, inventory is operating at a high level, and companies have a clear willingness to lower prices. Inventory reduction is the main focus, and it is expected that lithium iron phosphate will maintain its current trend in the short term. 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.