Price trend

According to the data monitored by SunSirs, as of February 28, the price of power-type premium ferrous lithium phosphate was 145,000 RMB/ton. In February, the market of ferrous lithium phosphate fell by a narrow margin. The overall price fell by 2.97% in February. The mainstream price range was around 145,000 RMB/ton. It was mainly for contract customers, and new orders were not accepted.

Analysis review

In February, ferrous lithium phosphate went down in a narrow range, with a weak trend. The price at the beginning of the month was 151,000 RMB/ton, the price at the end of the month was 14,5000 RMB/ton, and the mainstream price was 145,000 RMB/ton. Downstream purchased just mainly in needed, and maintain stable operation in a short term. The manufacturer supplied only old customers, and new customers did not receive orders.

Chemical commodity index: On February 27, the chemical index was 917 points, up 2 points from the previous day, down 34.50% from the highest point of 1,400 points in the cycle (2021-10-23), and up 53.34% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to 2011-12-01 to now).

Market outlook

Analyst of Ferrous lithium phosphate from SunSirs believes that the market of Ferrous lithium phosphate will operate stably in the short term and the price fluctuation will be limited.

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