Price trend

According to data monitored by SunSirs, as of August 24th, the price of power type premium ferrous lithium phosphate was 89,000 RMB/ton, which was mainly stable compared to the same period last week. As of August 24th, the mainstream price was around 89,000 RMB/ton, mainly for contract customers, and new orders were not accepted.

Analysis review

This week, ferrous lithium phosphate was mainly stable. Last week, the price inm the same period was 89,000 RMB/ton. as of August 24th, the mainstream price was around 89,000 RMB/ton, and the overall market was weak and downward. Downstream replenishment was on demand, while upstream lithium carbonate was stable and weaker. The cost support for ferrous lithium phosphate was weak. In the short term, lithium carbonate will maintain its previous trend. manufacturers only supplied old customers with goods, while did not accept new customers’ order.

Chemical Index: On August 23, the chemical index stood at 896 points, an increase of 1 point compared to the previous day, a decrease of 36.00% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 49.83% 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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