SunSirs: The Market Price of Ferrous Lithium Phosphate Was Upward (May19-26)
May 29 2023 10:39:43 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of May 26th, the price of high-quality power type ferrous lithium phosphate was 90,000 RMB/ton, which was relatively stable and stronger compared to the same period last week. The price had increased by 15.38% compared to the same period last week, and the overall price had risen in a narrow range. The mainstream price range was around 90,000 RMB/ton, mainly for contract customers, and new orders were not accepted.
Analysis review
The trend of ferrous lithium phosphate was mainly upward, with a narrow upward trend in price. As of 26th, the mainstream price was 90,000 RMB/ton. The upstream lithium carbonate price trend was strong, and the cost side had support for ferrous lithium phosphate. Downstream procurement was just in demand, and downstream procurement was active. The negotiation focus was on the upward trend, and the order was smooth. The manufacturer's supply source was only for old customers. The operating rate was normal, and logistics were smooth. Ferrous lithium phosphate is operating in a weak position in the short term.
Chemical Commodity Index: On May 25th, the chemical index stood at 863 points, a decrease of 3 points from the previous day, a decrease of 38.36% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 44.31% from the lowest point of 598 points on April 8, 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 is stronger in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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