1、 Price trend

According to the analysis system of the commodity market of Business Society, as of May 31st, the price of high-quality power type lithium iron phosphate is 43350 yuan/ton, and the price of energy storage type lithium iron phosphate is 42066.67 yuan/ton. In May, the overall weak operation of lithium iron phosphate was the main trend, with upstream prices of iron phosphate maintaining a weak trend. The cost side lacks support, and the price of lithium carbonate is weakly declining with limited increase. The cost support for lithium iron phosphate is weak, and the supply and demand balance in the short term is the main trend in the lithium iron phosphate market.

2、 Market analysis

In terms of cost: In May, upstream lithium carbonate was mainly weakly operated, with a focus on low negotiations and high inventory levels. The market supply pressure continued, and some manufacturers had a strong willingness to lower prices, leading to a continued downward shift in spot prices. It is expected that lithium carbonate will maintain a stable, medium, and weak trend in the short term.

3、 Future Market Forecast

In summary, from a cost perspective, upstream prices have risen and fallen, while lithium iron phosphate prices maintain their current trend. Currently, inventory is operating at a high level, and companies have a clear willingness to lower prices. Inventory reduction is the main focus, and it is expected that lithium iron phosphate will maintain its current trend in the short term. The price of high-quality power grade lithium iron phosphate will remain around 43612 yuan/ton, and the price of energy storage type lithium iron phosphate will remain around 42300 yuan/ton.