Price trend

According to data monitored by SunSirs, as of October 19th, the price of high-quality power type ferrous lithium phosphate was 68,400 RMB/ton, a slight increase of 0.29% compared to the same period last week. As of October 19th, the mainstream price was around 68,000 RMB/ton, mainly for contract customers, and new orders were not accepted.

Analysis review

This week, the ferrous lithium phosphate market was mainly stable, with a price of 68,000 RMB/ton at the same period last week, and as of 19th, the mainstream price was around 68,000 RMB/ton, the overall market was mainly stable. Downstream restocking was based on demand, while upstream lithium carbonate was stable and strong. There was some support from the cost side of ferrous lithium phosphate. In the short term, lithium carbonate will maintain its previous trend, and manufacturers’ goods were only supplied to old customers, while they would not accept new customers’ orders.

Chemical Commodity Index: On October 18th, the chemical index stood at 919 points, a decrease of 2 points from the previous day, a decrease of 34.36% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 53.68% 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 in the short term, the ferrous lithium phosphate market is operating steadily with a stronger trend.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.