Price trend

According to the data monitored by SunSirs, as of January 11, the price of power type and premium ferrous lithium phosphate was 156,000 RMB/ton. The market of ferrous lithium phosphate was weak and downward, and the price was slightly reduced, 4.88% lower than that of the same period last week. The mainstream price range was around 155,000 RMB/ton, mainly for contract customers, and new orders were not received.

Analysis review

The market of ferrous lithium phosphate was weak and downward, The price of ferrous lithium phosphate fell by 4.88%, or 8,000 RMB/ton, compared with the same period last week. As of the 11th, the mainstream price was 155,000 RMB/ton. Downstream purchased just in needed, the logistics was slow, and the weak operation would be maintained in a short time. The manufacturer's supply only supplied for old customers, and new orders were not received.

Chemical commodity index: The chemical index was 912 points on January 10, up 3 points from the previous day, down 34.86% from the highest point of 1,400 points in the cycle (2021-10-23), and up 52.51% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to 2011-12-01 to now).

Market outlook

Analysts of Ferrous lithium phosphate from SunSirs believe that in the short term, the market of Ferrous lithium phosphate will operate to be weaker in a narrow range.

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