1、 Price trend

According to the analysis system of the commodity market of Shengyishe, as of May 16th, the price of high-quality power type lithium iron phosphate is 43500 yuan/ton, and the price of energy storage type lithium iron phosphate is 42166.67 yuan/ton. This week, the price of lithium iron phosphate is mainly weak, with upstream prices of iron phosphate remaining stable and limited growth in lithium carbonate. The cost support for lithium iron phosphate is average, and downstream demand is poor. Currently, the supply and demand balance in the lithium iron phosphate market is mainly dominant.

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, the current market supply is sufficient, downstream demand is insufficient, upstream lithium carbonate and iron phosphate prices lack upward momentum, and lithium iron phosphate lacks upward momentum. It is expected that lithium iron phosphate will maintain its current trend in the short term, with the price of high-quality power grade lithium iron phosphate remaining around 43500 yuan/ton and the price of energy storage type lithium iron phosphate remaining around 42200 yuan/ton.