磷酸铁锂上市公司集体涨价！

Core Viewpoint - The lithium iron phosphate (LFP) market is experiencing a price rebound driven by supply-demand imbalances, rising raw material costs, and increased demand for energy storage and power batteries. Companies are collectively raising prices to improve profitability and address cost pressures [4][10][11]. Price Trends and Market Dynamics - In the second half of 2025, LFP prices are expected to rebound due to a resurgence in lithium carbonate prices and seasonal demand for energy storage and power batteries. As of November, the price for power-type LFP reached 39,230 yuan per ton, and storage-type LFP reached 39,780 yuan per ton, marking a cumulative increase of approximately 20% since the beginning of the year [4]. - Several LFP companies, including Hunan Youneng and Longpan Technology, have announced price increases due to strong demand and rising raw material costs. Hunan Youneng plans to raise processing fees by 3,000 yuan per ton starting January 1, 2026 [5][6]. Industry Response and Future Outlook - The price increase is seen as a rational response to the long-standing losses in the LFP sector, where companies have historically had weak bargaining power due to market structure and competition. The current supply-demand imbalance and rising raw material prices have made price hikes inevitable [9][10]. - The cost of LFP production is significantly affected by lithium carbonate prices, with each 10,000 yuan per ton increase in lithium carbonate raising LFP production costs by approximately 2,300 to 2,500 yuan per ton. The prices of upstream materials like sulfur and phosphoric acid have also risen, further increasing production costs [10]. - The LFP battery segment has maintained a dominant position in the market, with a 81.5% share in the power battery sector and over 90% in the energy storage battery sector as of the first three quarters of the year [10][11]. Supply Chain and Production Capacity - The supply of LFP has become tight, with leading manufacturers operating at full capacity and some orders extending into 2026. The average debt ratio in the industry is high at 67%, indicating significant pressure on expansion and profitability [11]. - A recent seminar on LFP material costs emphasized the need for rational pricing and collaboration across the supply chain to transition from "scale competition" to "quality competition" [11][12].