Price trend

According to data monitored by SunSirs, as of September 11th, the price of high-quality power type ferrous lithium phosphate was 75,000 RMB/ton, which was mainly stable compared to the same period last week. As of September 11th, the mainstream price was around 75,000 RMB/ton, mainly for contract customers, and new orders were not accepted.

Analysis review

This week, the ferrous lithium phosphate market was mainly stable. Last week, the price during the same period was 75,000 RMB/ton. As of September 11th, the mainstream price was around 75,000 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, and manufacturers will only supply old customers with goods, while will not accept orders from new customers.

Chemical Commodity Index: On September 10th, the chemical index stood at 942 points, unchanged from the previous day, a decrease of 32.71% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 57.53% from the lowest point of 598 points on April 8th, 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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