According to data from the business agency, on July 27, the price of phosphoric acid rose by 6.8% from the previous day, ranking first in the commodity increase list.
According to statistics, since July 17, the cumulative increase in phosphoric acid has exceeded 15%.
Phosphoric acid is one of the raw materials for the manufacture of lithium iron phosphate. In the first half of this year, the installed capacity of lithium iron phosphate batteries in the installed capacity of new energy vehicles in the Chinese market rose to 42%, with a growth rate of 369.7%.
Battery China pointed out that due to the decline of new energy vehicle financial subsidies, car companies have increasingly strong demand for cost reduction in the battery sector. Car companies have launched popular models of lithium iron phosphate versions. According to Soochow Securities’ calculations, in 2025 The global demand for lithium iron phosphate will reach about 2.2 million tons, and the five-year compound growth rate will exceed 70%.
In addition, Founder Securities said that in addition to the downstream demand for lithium iron phosphate, the price of phosphoric acid, the raw material for phosphoric acid, rose due to power curtailment in Yunnan, which also drove the price of phosphoric acid.
Affected by Strong demand for downstream lithium batteries,the Vanadium Carbide market is changing rapidly. These changes are indicators of market growth.This year-on-year upward trend in the market indicates that the next November 2020-2026 will show an oval but steady growth.If you are looking for Vanadium Carbide or buy Vanadium Carbide in bulk,please send an email to: email@example.com
The price of Vanadium Carbide continues to be affected by factors such as market growth momentum,various opportunities and challenges.However,during the forecast period from 2020 to 2026,the global Vanadium Carbide sales market is expected to continue to be above average.The growth rate will continue to increase.It is expected that from today to next week,the price of Vanadium Carbide will increase to a certain extent.
Due to changes in consumer demand,import and export conditions,and various investigations on the development of Vanadium Carbide,the cost of Vanadium Carbide is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of Vanadium Carbide will also be affected to a certain extent.It is estimated that the cost of Vanadium Carbide will increase slightly from today to next week.
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