SunSirs: Ferrous Lithium Phosphate Market Operated to Be Weaker in a Narrow Range (February 10-17)
February 20 2023 10:38:56 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of February 17, the price of power-type premium ferrous lithium phosphate was 145,000 RMB/ton. Compared with the same period last week, the market of ferrous lithium phosphate fell by a narrow margin. The overall price fell by 2.68%, with a decline of 4,000 RMB/ton. The mainstream price range was around 145,000 RMB/ton. It was mainly for contract customers, and new orders were not accepted.
Analysis review
This week, ferrous lithium phosphate was in weak operation, and the price was reduced, with the mainstream price of 145,000 RMB/ton on the 17th. Upstream prices operated in a narrow range; The cost support of ferrous lithium phosphate was insufficient. The downstream purchase just in needed. The manufacturer only supplied old customers, and did not accept new customers’ order.
Chemical commodity index: On February 16, the chemical index was 921 points, down 1 point from the previous day, down 34.21% from the highest point of 1,400 points in the cycle (2021-10-23), and up 54.01% 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 in the short term, the market of Ferrous lithium phosphate will operate to be weaker in a narrow range.
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