China's LFP production stood at 214,200 tonnes in April, a monthly increase of 34.09%, per Mysteel samples. The momentum was allowed by the prosperous energy storage sector as the downstream players built stocks for upcoming production rush by mid-year, in addition to some new projects coming on stream.
It is expected that China's LFP production will edge up 3.14% MoM at 221,000 tonnes in May as the demand is projected to remain stable based on the May production scheduling of downstream players.
Source: Mysteel
China's iron phosphate production reported 174,800 tonnes in April, up 39.39% MoM boosted by the booming energy storage sector. The top-tier producers maintained high capacity utilization rates, while the others were relatively conservative in taking orders.
Mysteel expects that China's iron phosphate production will rise 0.86% MoM at 176,300 tonnes in May.
Written by Aggie Hu, huchenying@mysteel.com