There were frequent cases of LFP producers who received great requests, and some of the big players raised prices. Analysts said that high demand and products technology are the two main reasons for raising recent prices.
The lithium industry in China is witnessing a long -awaited rest period after the main players faced losses due to low prices during the past few years.
There were frequent cases of Lithium iron phosphate producers (LFP) who received great orders recently, and at the same time, some big players raise prices, the Securities Newspaper reported in today’s report.
The report quoted lithium battery materials: “The prevailing LFP makers now see an increase in the use of the capacity, especially with the strong demand for advanced products,” and the report was transferred from the lithium battery materials from the inside.
The source said that the fourth -generation LiPP production lines of a pioneer in central China are working at full capacity.
In the past two months or so, Jiangsu Lopal Tech has received long -term requests from Blue OVAL and Catl (She: 300750), as well as additional orders from LG Energy Solution.
Fulin Precision received long -term requests from Catl in August 2024 to provide at least 140,000 tons annually from 2025 to 2027 to the battery maker.
In addition, LFP manufacturers including Hunen Yuning New Energy and Hubei Wanrun New Energy also said they are busy with production and sales since the fourth quarter.
The report indicated that many production sites did not stop production during the new Chinese New Year vacation to provide products to customers that many production sites did not stop production during the new Chinese New Year’s holiday to provide products to customers.
Some lithium producers are looking to increase prices. Hunan Young said in mid -January that the company was actively negotiating with customers and that some had already accepted an increase in prices, according to the report.
Chai Linnin, a LFP analyst in the market researcher, said, Securities Times said that the growing demand for the market and the highly increasing products technology are the two main reasons for raising the last prices of LFP.
Chai said that LFP batteries have an effective cost -cost advantage that has become the absolute main current for the installed local power battery capacity, and will enhance the expansion of the manufacturers market to increase research and development.
As the demand for the market transforms better, the LFP manufacturer’s mentality also changes.
In the past two years, most LFP manufacturers have been in the case of making losses, and they are now keen to overcome the loss, and the Securities Times in Shanghai Extsino, Zhang Ginoi’s researcher.
Zhang said that sales of loss has now decreased significantly, and manufacturers have greater feelings to support prices.
Lithium is one of the main raw materials for batteries, which usually represents a large part of the cost of the electric car model (EV).
Lithium prices saw a wild trip in China in 2022, as the price of lithium carbonate at the battery level increased to 590,000 yuan (81,170 dollars) per ton in November of that year, an increase of 14 times from 41,000 June per ton in June 2020.
However, then, the price of lithium carbonate has seen a long decrease, and the price of lithium carbonate is now less than 80,000 yuan per ton in China.
Lithium carbonate and iron phosphate are the main raw materials for LFP.
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