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March 4 Mysteel iron phosphate price: 11,400-12,500 yuan/ton
On March 4th, Mysteel’s price for iron phosphate was 11,400-12,500 RMB/ton, with the market average unchanged from the previous trading day; the price for lithium iron phosphate (LFP) power type was 52,850-58,850 RMB/ton, down 1,000 RMB from the previous day’s market average.
In terms of raw materials: The price of sulfur continues to rise, driving up the cost of ammonium sulfate, leading to some companies halting reporting and signing, with many stockholders reluctant to sell.
Iron phosphate: Recently, the cost of iron phosphate has increased somewhat, and downstream demand is good, so manufacturers are more willing to raise their quotes.
Lithium iron phosphate: Prices follow lithium prices with continued fluctuations, and processing fees remain stable in the short term. Attention will be on the bidding situation of leading downstream companies at the end of Q1. On the lithium carbonate procurement side, downstream buyers maintain just-in-time purchases on dips. On the demand side, iron-lithium enterprises maintain stable operations, and battery cell manufacturers are actively sourcing, with an expected high production schedule for iron-lithium in March. (My Steel Network)