Compared with last year's "hot" market conditions, this year's lithium iron phosphate spot market has "cooled down" significantly.
Data show that as of October 16, the domestic spot price of lithium iron phosphate was reported at 68,400 yuan/ton, a drop of more than 58% from 166,000 yuan/ton at the beginning of the year.
Behind the "diving" of spot prices is the "resonance" caused by the rapid release of domestic lithium iron phosphate production and the relative weakening of downstream demand.
Since the beginning of this year, the production capacity of lithium iron phosphate has been climbing rapidly, but the spot market price has been falling.
Industry analysts believe that the overcapacity problem faced by lithium iron phosphate is relatively obvious.
Whether the expansion of production capacity can be successfully realized as performance growth is an important test for enterprises.
A question for wholesale companies or individuals: how can you ensure you can get real warranty in the future from the battery manufacture?