Price trend

According to data monitored by SunSirs, as of August 29th, the price of high-quality power type ferrous lithium phosphate was 80,000 RMB/ton, which was mainly stable compared to the same period last week. As of August 29th, the mainstream price was around 80,000 RMB/ton, mainly for contract customers, and new orders were not accepted.

Analysis review

This week, the ferrous lithium phosphate was mainly stable. The price for the same period last week was 89,000 RMB/ton, and the mainstream price was around 80,000 RMB/ton as of August 29th. The overall market was weaker and downward, with downstream restocking on demand. Upstream lithium carbonate was stable and weaker, and the cost support for ferrous lithium phosphate was weak. In the short term, lithium carbonate will maintain its early trend, and manufacturers only supplied old customers with goods, while did not accept new customers’ orders.

Chemical Commodity Index: On August 27th, the chemical index stood at 907 points, unchanged from the previous day, a decrease of 35.21% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 51.67% 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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