Iron phosphate operated at a high level in early November, with prices remaining stable. On November 11th, the average market price of iron phosphate was 16550 yuan/ton, and the price remained stable
Supply side
Industry profits are still acceptable, integrated large factories maintain high levels of production, new production capacity continues to climb, and overall supply increment pressure remains; Construction differentiation: Large factories with long-term supporting facilities are operating at full capacity, while small and medium-sized factories are flexibly adjusting production according to orders; The inventory of ordinary national standard iron phosphate has accumulated, while the inventory of high-end high-pressure solid materials is relatively low.
Raw materials: Wet process phosphoric acid continues to decline weakly, ferrous sulfate slightly increases, and the cost side decreases by one. The comprehensive cost support is not strong, and there is no strong cost bottom support.
Demand side
The overall orders for downstream lithium iron phosphate are weak, and battery cell factories mainly consume their own inventory and purchase as needed, with insufficient willingness to replenish inventory; Structural differentiation: Long term energy storage orders are relatively strong, while demand for ordinary power types is flat, and positive electrode manufacturers are lowering prices for procurement; In addition, a portion of the demand for non iron route technology diversion involves squeezing the demand share of iron phosphate.
The downstream iron lithium end is also showing differentiation: low-end iron lithium is under pressure, high-end high-pressure solid iron lithium is relatively tight, and the transmission to upstream iron phosphate is also weak in ordinary materials and stable in high-end supporting materials.
Market characteristics
Listing price: sideways and unchanged; Actual orders: hidden decline, increased bargaining;
Game pattern: supply release+downstream weak demand pressure vs. integrated large factories locking in quantity and rising prices;
There is no trend opportunity, it belongs to weak equilibrium oscillation.
Analysts believe that supply pressure is still present, with average terminal demand and a focus on on-demand procurement and use. It is expected that the future market for iron phosphate will mainly fluctuate weakly, with weak upward momentum.