According to the data monitored by the business community, as of April 26, the average price of domestic power grade lithium iron phosphate was 50000.00 yuan / ton. Recently, the rising trend of lithium iron phosphate slowed down, with an overall increase of 4.17% in April, or 2000 yuan / ton. The situation that the upstream lithium carbonate is in short supply has also been alleviated. Since 2020, with the development of global economy, the awareness of environmental protection has been continuously strengthened, With the rapid development of new energy battery industry, LiFePO4 has become the mainstream development direction by virtue of its excellent performance and manufacturing cost.
Application of LiFePO4
At present, the main application field of LiFePO4 is new energy vehicles, accounting for a relatively large proportion, followed by energy storage, electric ships and other fields are also developing rapidly. The production capacity of LiFePO4 is growing rapidly, with the production capacity of 7-8 tons in 2017-2018, 9-10 tons in 2019 due to the growth of demand, and 250000 tons in 2020, From 2015 to 2019, the production and sales scale of new energy vehicles in China will increase from more than 300000 to more than 1.2 million. In 2021, the installed capacity of lithium iron phosphate power battery in China will reach 41.8gwh, and the share of lithium iron phosphate in the power battery market will be between 40% and 50%. The sales volume of hot new energy vehicles will continue to increase, and it will maintain a steady growth from 2021 to 2023, From July to September, the wholesale sales of new energy passenger vehicles reached a record high in the same period. Lithium iron phosphate is favored by more and more new energy vehicle enterprises. After 2021, lithium iron phosphate will undoubtedly emerge in more application markets. New land transportation vehicles, 5g base stations, marine transportation tools, and domestic energy storage are all future battlefields of lithium iron phosphate, with data backup power supply, Standby power supply for medical devices, elevator, etc. the power demand will also bring certain development space for lithium iron phosphate. The field of 5g communication energy storage standby power supply is developing rapidly. China Mobile and China Tower have successively carried out 5g base station standby power supply, using lithium iron phosphate energy storage. At present, the bidding for centralized projects has been announced, and the bidding volume is 2.09gwh, There are about 14.38 million base stations to be reconstructed in the future. 5g energy storage market brings huge space for the demand of LiFePO4 battery.
product Specifications Quotation (10000 yuan / ton) date
Lithium iron phosphate Dynamic type 4.8-5.2 April 26th
Lithium iron phosphate Energy storage type 4.2-4.6 April 26th
Lithium carbonate Industrial grade 8.1-8.5 April 26th
Lithium carbonate Battery grade 8.8-9.2 April 26th
According to the statistics of the business society, the overall price of LiFePO4 increased by 35.14% from the beginning of January to the end of April in 2021, up to 13000 yuan / ton. The price of LiFePO4 in the beginning of January in 2021 increased by 37000 yuan / ton to 38000 yuan / ton by the end of January, up by 2.7% to 1000 yuan / ton. The price of LiFePO4 in the beginning of February increased by 13.51% from 38000 yuan / ton to 42000 yuan / ton, The price of LiFePO4 increased by 10.53% to 4000 yuan / ton compared with that in early February. The price of LiFePO4 increased by 11.63% from 43000 yuan / ton to 48000 yuan / ton in early March. The price of LiFePO4 increased by 29.73% compared with that in early January and 26.32% compared with that in early February. The price continued to rise in April, and the overall price rose by 4.17%, Up 2000 yuan / ton.
We learned from the lithium carbonate data division of the business society that the price of lithium carbonate has been in a stable state in the near future. Due to the continuous increase of domestic lithium carbonate from March to may, the relationship between supply and demand has been improved to a certain extent. The previous shortage of lithium resources does not seem to have any impact on the price of lithium carbonate in the near future. However, in 2021, the problem of lithium shortage is more important. After the bankruptcy of Altura, the supply of Australian mines began to tighten, and some of Tianqi’s production capacity could not be guaranteed. There were only two lithium mines available in Australia, and the demand of other smelters in the market for lithium mines decreased greatly. The following price trend comparison chart of lithium carbonate and lithium iron phosphate.
According to the LiFePO4 analyst of business news agency, the development trend of new electric vehicles is becoming increasingly apparent, marine vehicles are developing rapidly, and there is a huge development space in the field of standby power storage. It can be seen that the market position of LiFePO4 will be further improved in the future（ If you want to get more information about goods and master the price of goods, you can subscribe to the business community through the official account of the business community.