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Iron phosphate:

In March, China's iron phosphate production reached 69184 tons, a decrease of 0.4% month on month, a year-on-year increase of 106%, and a cumulative year-on-year increase of 84%.

In terms of the market, the pace of delivery of lithium iron phosphate significantly slowed down in the second half of March, and some orders were damaged. As the operating rate of iron lithium enterprises continues to decline, the market's new order volume further shrinks, some enterprises continue to accumulate inventory, and the industry's destocking cycle extends. On the cost side, the main raw material phosphoric acid has continued to decline this month, further lowering production costs. Under the dual effects of demand and cost, the transaction price of iron phosphate has decreased.

In April, the production schedule of lithium iron phosphate enterprises continued to decrease month on month, and it is expected that new orders will decrease, driving a decrease in iron phosphate production.

It is expected that the production of iron phosphate in April 2023 will reach 62755 tons, a decrease of 9% month on month and a year-on-year increase of 78%.

Lithium iron phosphate:

In March, China's production of lithium iron phosphate reached 70377 tons, a decrease of 1.5% month on month, a year-on-year increase of 39%, and a cumulative year-on-year increase of 24%.

In terms of the market, there has been no significant improvement in the pullback of demand from the power end this month, resulting in weak new orders; As lithium iron phosphate materials continue to decline this month, the delay in demand for energy storage has further occurred. Partial order destruction and delayed delivery became the main theme in the second half of March. The price reduction of fuel vehicles at the beginning of the month has already had an impact on the market after half a month. Consumers' wait-and-see sentiment towards holding coins has become increasingly strong, with an increase in inventory of iron and lithium material finished products, an extension of the destocking cycle, and a further decrease in transaction prices.

This month, the prices of the main raw materials lithium carbonate and iron phosphate further decreased, resulting in a decrease in the cost of lithium iron phosphate materials.

Next month, there is no significant increase in orders at the terminal, and the overall market is weak, with production scheduling continuing to decrease compared to March.

It is expected that the production of lithium iron phosphate in April 2023 will be 64081 tons, a decrease of 8% month on month and a year-on-year increase of 37%.

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