Hunan Yuneng New Energy Battery Material (SZ:301358) 鑫椤锂电·2025-04-22 07:15Core Viewpoint - The lithium iron phosphate (LFP) industry is experiencing a price increase trend in 2025, with various companies adopting price maintenance strategies despite reduced sales volumes [2][3]. Group 1: Price Maintenance Strategies - Hunan YN has been a leader in price maintenance, announcing price increases for both standard and high-end products [2]. - Leading company A has maintained its price strategy despite a 40% reduction in sales volume, indicating a willingness to cut supply to large customers if they do not agree to price increases [2]. - Leading company B continues to supply high-pressure products at the highest prices in the industry, confident in demand from other customers even if large clients resist price hikes [2]. - Leading company C has been negotiating price increases, with a recent surge in demand from large clients in April reinforcing its determination to maintain prices [2]. - Leading company D has not fully achieved its price increase goals but has adjusted customer supply agreements to mitigate losses [2]. - Leading company E has focused on maintaining supply for two major joint venture clients while halting supply to lower-margin customers [2]. Group 2: Market Dynamics - Central company F successfully raised prices for high-end energy storage cells, halting supply to lower-tier clients to maintain high operational rates [3]. - Central company G, having achieved full production last year, is now reducing supply due to unsuccessful price increases and focusing on upgrading product lines [3]. - Central company H, despite reliance on large clients, has rejected additional volume requests due to unmet price expectations [3]. - Smaller companies I/J are cautious about accepting orders due to strict loss control measures set by their groups, even with existing orders [3]. - The overall market for lithium iron phosphate shows a solid foundation for price increases, supported by ongoing demand and the challenges faced by leading battery companies in negotiating lower prices [3].