SunSirs: Ferrous Lithium Phosphate Market Was Mainly Running Strong (September 15-22)
September 23 2022 13:50:38 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of September 22, the price of power-type high-quality ferrous lithium phosphate was 155,000 RMB/ton, and the price of ferrous lithium phosphate rose in a narrow range, up 1.97% compared with the same period last week, and the price fluctuated slightly.
Analysis review
The downstream just needed to purchase mainly, the purchasing atmosphere was general, the supply surface was normal, and the operating rate was normal. Ferrous lithium phosphate was mainly supplied to contract customers. The number of new orders was limited, and the overall market negotiation atmosphere was acceptable. The mainstream price range of ferrous lithium phosphate on the 22nd was 152,000-155,000 RMB/ton.
Upstream lithium carbonate was mainly based on stable operation. The price of industrial-grade lithium carbonate was 505,000 RMB/ton, and the price of battery-grade lithium carbonate was 530,000 RMB/ton. With the arrival of the fourth quarter, the bullish atmosphere was strong.
Chemical Commodity Index: On September 21, the chemical index was 973 points, an increase of 2 points from the previous day, a decrease of 30.50% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 62.71% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 to the present).
Market outlook
The ferrous lithium phosphate analyst of SunSirs believes that ferrous lithium phosphate is stable and strong, and the price range is 152,000-155,000 RMB/ton.
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