SunSirs: The Ferrous Lithium Phosphate Market Was Weak and Downward (April 4-11)
April 12 2023 14:54:14 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of April 11th, the price of high-quality power type ferrous lithium phosphate was 87,000 RMB/ton, which was a weak decline compared to the same period last week in the ferrous lithium phosphate market. . The overall price decreased by 3.33%, and the mainstream price range was around 87,000 RMB/ton. It was mainly for contract customers and did not accept new orders.
Analysis review
Ferrous lithium phosphate was mainly in weak operation, with a slight decrease in price. On the 11th, the mainstream price was at 87,000 RMB/ton. The price of lithium carbonate in the upstream was weak, and there was a lack of support for the cost side of ferrous lithium phosphate. Downstream procurement was just in needed, and there was insufficient demand. The focus of negotiations was flat, and the order was slow. The manufacturer's supply was only for old customers, with normal operating rates and smooth logistics. In the short term, ferrous lithium phosphate is operating weakly.
Chemical Commodity Index: On April 10th, the chemical index stood at 910 points, a decrease of 4 points from the previous day, a decrease of 35.00% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 52.17% 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 mainly be weak and stable in the short term.
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