高工锂电·2025-05-03 11:55Core Viewpoint - The article discusses the current trends and future outlook of the lithium iron phosphate (LFP) market, highlighting the impact of upstream lithium carbonate prices and the evolving pricing strategies of LFP manufacturers [3][4][6]. Group 1: Market Trends - In Q1, the price of lithium iron phosphate saw a slight rebound due to unexpected market demand from downstream sectors, despite a rapid decline in lithium carbonate prices, which fell nearly 10% in April [3][4]. - The price impact on lithium iron phosphate was relatively minor, with a decrease of less than 5%, indicating that manufacturers are maintaining a strong pricing stance [3][4]. - The pricing mechanism for lithium iron phosphate has shifted to a model anchored on "raw material market price + processing fee," with processing fees being the primary source of profit for manufacturers [3][4]. Group 2: Manufacturer Strategies - Manufacturers are focusing on technological upgrades to secure higher processing fees, which is crucial for overcoming pricing challenges [6]. - New generation high-voltage lithium iron phosphate products are performing well in terms of processing fees, while older products face significant pricing pressure [4][5]. - Companies like Hunan YN are expecting a rise in the sales proportion of high-end products, which is projected to reach about 22% by 2025 [6]. Group 3: Future Outlook - The overall material prices are expected to have upward potential in the second half of the year, driven by increased demand for pure electric vehicles compared to the previous year [7]. - The competition in the automotive market is intensifying, which may put pressure on material prices, leading to potential negotiation discrepancies between material manufacturers and downstream battery producers [6][7].