According to the data monitored by the business agency, as of March 17, the average price of domestic power grade lithium iron phosphate was 47500.00 yuan / ton, which was 15.85% higher than that of the same period last month, 5.56% higher than that of the same period last week, and 18.75% higher than that of the same period last year. The price of lithium iron phosphate will continue to rise in 2021. From the current situation, the future development of LiFePO4 is full of stamina, and its production cost is very low, which is the main reason for its popularity in recent years.

Lithium iron phosphate presents rapid growth and development momentum

According to the statistics of China Automobile Industry Association, the total load of LiFePO4 power battery was 2.2gwh in February, with a year-on-year increase of 2826.0%. In 2020, the domestic load of LiFePO4 battery was continuously increasing. Until December, the monthly load of LiFePO4 battery had exceeded that of ternary battery. In October 2020, six layers of the 10 best-selling models in the Chinese market adopted LiFePO4 battery, including the monthly sales of 3 Ten thousand “national God car” Wuling Hongguang all use lithium iron phosphate batteries. On February 19, Yiwei lithium energy announced that it would invest in the construction of “lithium ion power battery project for passenger cars” to meet the supporting needs of international and domestic car manufacturing. On February 2, Ningde Times announced that it will invest in the construction of power batteries in Sichuan, with a total investment of about 12 billion yuan. Enterprises have increased their investment, and the industry is booming.

Product specifications and quotation (ten thousand yuan / ton) date

Lithium iron phosphate ﹣ power ﹣ 4.5-8 March 17

Lithium iron phosphate ﹣ energy storage ﹣ 3.9-4.4 ﹣ March 17

Lithium carbonate industrial grade 7.9-8.2 March 17

Lithium carbonate battery grade 8.2-8.5 March 17

LiMn2O4 ﹣ power ﹣ 3.95-4.2 ﹣ March 17

Lithium manganate ﹣ capacity type ﹣ 3-3.5 ﹣ March 17

Licoo3 ﹣ 33.3-35.6 ﹣ March 17

The rapid development of LiFePO4 has driven the upstream price to increase continuously, even more than that of LiFePO4. The following is a comparison chart of the price trend of lithium carbonate and LiFePO4. It is obvious from the chart that the price of LiFePO4 has been going up since December last year, and it will not be slightly stable until March 2021. The price of LiFePO4 has been stable in the near future The rising price of raw materials has not had a direct impact, and the relationship between supply and demand has developed in a balanced way.

Because “price” lithium iron phosphate is back in people’s sight

At present, the price of LiFePO4 per kilowatt hour is 500-600 yuan, while the price of ternary battery is about 800 yuan. In 2020, the top three best-selling models all use LiFePO4 batteries, and the sales volume is also rising. With the development of science and technology, the energy density of LiFePO4 has been greatly improved, and the system energy has been improved through structural innovation. LiFePO4 represents the future development direction of battery. With the maturity of technology, it may become the cheapest power battery.

Business community LiFePO4 analysts believe: LiFePO4 in the short term to maintain a high level of operation, rising steadily, rising space is limited. (to get more information about goods and to grasp the price of commodities, welcome to subscribe to the business community through the official account of the business community, the market is the opportunity).