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According to the monitoring of the commodity market analysis system of the Business Society, as of April 14th, the price of high-quality power type lithium iron phosphate has continued to plummet. Currently, the average price of lithium iron phosphate is 80000 yuan/ton, which is 11.11% lower than the average price of 90000 yuan/ton in the same period last week, with a decrease of 10000 yuan/ton. Compared with the average price of 138000 yuan/ton in the same period last month, the price has decreased by 42.03%, with a decrease of 58000 yuan/ton.

From the K-bar chart of lithium iron phosphate week, it can be seen that in the past month, lithium iron phosphate has shown a continuous decline and prices have continued to decline. Currently, the price of lithium iron phosphate is at a mid to low level in the past year, and the upstream lithium carbonate price has plummeted, with a pessimistic trend. The price of lithium iron phosphate has significantly decreased, which is closely related to the continued weakness of upstream lithium carbonate.

In terms of demand: Since 2023, the development speed of the new energy industry has slowed down, mainly due to the significant price reduction of fuel vehicles, the continuous decline in the price of raw material lithium carbonate, and the insufficient demand for downstream electric vehicle lithium iron phosphate. The industry is facing inventory pressure and continues to reduce prices. Under the sentiment of buying up and not buying down, procurement enthusiasm is cold, and manufacturers tend to adopt a wait-and-see attitude.

Downstream: Lithium iron phosphate is mainly used in the manufacturing of power batteries, energy storage batteries, lithium-ion batteries, and in the fields of new energy vehicles and energy storage. In 2022, with the rapid development of new energy vehicles, the supply of lithium iron phosphate is in short supply, and the price of lithium carbonate continues to rise, causing the price of lithium iron phosphate to operate at a high level. Some enterprises have invested in and put into operation, constructing lithium iron phosphate production lines, and significantly increasing the production capacity of lithium iron phosphate. Since 2023, the price of lithium carbonate has plummeted sharply, the development of power vehicles has slowed down, and the price of fuel vehicles has plummeted. Against this backdrop, downstream demand for lithium iron phosphate has been hit, and enterprises are in a state of consuming inventory.

Analysts from Business Society's Lithium Iron Phosphate believe that in the short term, lithium iron phosphate will maintain stable, moderate, and weak operation. When lithium iron phosphate will see a turnaround depends on the future price trend of lithium carbonate.

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