Lithium Iron Phosphate Market Suffered Waterloo

- Dec 22, 2016 -

For some power batteries and cathode materials companies, the Spring Festival holiday in 2017 came earlier than usual.

 

2016 third quarter domestic cathode material production of 48580 tons, an increase of 66.5%, an increase of $42.7%. Among them, the growth rate of lithium iron phosphate up to 123.4%, becoming the fastest growing material. However, the phenomenon of rapid growth after entering the fourth quarter ended abruptly.

 

Since November, power battery companies began large-scale production capacity, output and shipments of upstream lithium iron phosphate enterprises fell sharply. Lithium iron phosphate cathode materials enterprises discontinued or semi discontinued state.

 

Current downstream battery factory are in a large area of production cuts, and early start holiday, our production plans and holiday arrangements also followed the adjustments made." A large cathode material business executives said that the current large-scale production capacity of lithium iron phosphate materials enterprises is a common phenomenon, and this situation will continue until the first quarter of next year.

 

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