SunSirs: Ferrous Lithium Phosphate Market Operated Weakly (January 9-16)
January 18 2023 09:43:14 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of January 16, the price of power-type premium ferrous lithium phosphate was 154,000 RMB/ton, and the market of ferrous lithium phosphate was in a weak decline. Compared with the same period last week, the price fell by 3.75%, with a drop of 6,000 RMB/ton. The mainstream price range was around 155,000 RMB/ton, mainly for contract customers, and new orders were not accepted.
Analysis review
This week, ferrous lithium phosphate was in a weak decline, and the price was slightly reduced. As of the 16th, the mainstream price was 155,000 RMB/ton. The downstream purchased just in-needed, the logistics was slow, and the weak operation will be maintained in the short term. The manufacturer's supply was only for old customers, and new customers did not receive orders.
Chemical commodity index: On January 15, the chemical index stood at 911 points, which was the same as the previous day, down 34.93% from the peak of 1,400 points (2021-10-23) in the cycle, and up 52.34% 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 the market of Ferrous lithium phosphate will be weak in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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