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![Weekly Overview of the LFP Market: March Growth Forecast Revised Downward [SMM Analysis]](https://static.metal.com/price.metal.com/3.1.13/image/news-default.png)
Weekly Overview of the LFP Market: March Growth Forecast Revised Downward [SMM Analysis]
【SMM Analysis Weekly Overview of LFP】Last week, the LFP market price continued the downward trend from the previous week. Raw material side, lithium carbonate prices fell by approximately 300 yuan/mt this week, accompanied by the recent implementation of increased processing fees for medium-high compaction products, leading to a slight increase in LFP bundled processing fees this week. Regarding lithium carbonate discounts, negotiations have not yet been fully concluded. Supply side, as of now, orders from some leading first and second-tier LFP material manufacturers have declined compared to the full production plans at the beginning of the month, with actual production falling short of the production schedule expectations, but overall, it still maintained an increase compared to February. Demand side, the overall production schedule of downstream battery cell manufacturers showed a significant increase compared to February, especially for products with high compaction density.
Macro side, the domestic economy continued its mild recovery. Infrastructure investment from January to February saw a YoY growth rate of 9.95%. Manufacturing investment grew by 9.0%. The YoY decline in real estate sales narrowed to 5.1%. However, affected by the US's 20% tariff increase, the YoY growth rate of exports in the first two months pulled back to 2.3%. Overseas, expectations for US Fed interest rate cuts fluctuated, and economic data showed mediocre performance.
