According to the data monitored by the business community, as of May 13, the average price of domestic power high-grade lithium iron phosphate was 50000.00 yuan / ton. Recently, the rising trend of lithium iron phosphate slowed down. In May, lithium iron phosphate was mainly stable, and the demand for lithium iron phosphate was increasing. At present, the supply and demand were in balance. From 2021 to 2022, the material demand of LiFePO4 is about 265000-510000 tons, and it is estimated that it will reach 2.1 million tons in 2025.

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.

From September 2020 to February 2021, Hongguang miniev and Tesla Model3 have always been in the top sales, and yadihan EV has also been in the top. The domestic installed capacity has been increasing. In 2019, the new domestic installed capacity is 636.9mw, ranking the first in the world, In 2017-2019, the density technology of LiFePO4 will be improved rapidly, which has met the endurance requirements of consumers. In 2020, the power battery will develop rapidly, and the cost performance will be improved on the premise of cost control.

Recently, the price of lithium carbonate has been in a stable state. At the end of April, the price of lithium carbonate dropped slightly, but after the May Day holiday, the price rose again. The comprehensive quotation of battery grade lithium carbonate market is around 85000 ~ 92000 yuan / ton.

Business community LiFePO4 analysts believe that: in the short term, LiFePO4 presents stable operation, price fluctuation is limited（ 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.