Price trend

According to data monitored by SunSirs, as of April 28th, the price of high-quality power type ferrous lithium phosphate was 76,000 RMB/ton. In April, the ferrous lithium phosphate market saw a broad decline, with an overall decrease of 24% in April, and a decrease of 2.56% compared to the same period last week. As of April 28th, the mainstream price range was around 76,000 RMB/ton, mainly for contract customers, and new orders were not accepted.

Analysis review

In April, ferrous lithium phosphate experienced a broad decline, with prices continuing to decline. At the beginning of the month, the price was 100,000 RMB/ton, and at the end of the month, the price was 76,000 RMB/ton, a decrease of 24,000 RMB/ton overall. On the 28th, the mainstream price was at 76,000 RMB/ton, and downstream procurement was mainly based on rigid demand. In the short term, the operation is stable and weaker, manufacturers only supplied old customers and did not accept new customers orders. Upstream lithium carbonate showed a stable to weaker trend in April, with a narrow downward trend. The cost support for ferrous lithium phosphate was weak, and the demand was average. Lithium carbonate will operate weakly and stably in the short term.

Chemical Commodity Index: On April 26, the chemical index stood at 903 points, a decrease of 1 point from the previous day, a decrease of 35.50% from the highest point in the cycle of 1,400 points (2021-10-23), and a 51.00% increase from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

Analysts from SunSirs believe that the ferrous lithium phosphate market will be stable and weaker in the short term.

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