SunSirs: Market Price of Ferrous Lithium Phosphate Rose (June 5-9)
June 13 2023 10:17:42 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of June 9, the price of power type premium ferrous lithium phosphate was 94,000 RMB/ton, which was a broad increase compared with the same period last week in the ferrous lithium phosphate market. The price of ferrous lithium phosphate rose 2.17%, and rose 27.03% compared with the same period last month. As of June 9, the mainstream price was about 94,000 RMB/ton, mainly supplied contract customers, and did not accept new orders.
Analysis review
This week, the price of ferrous lithium phosphate rose slightly. At the beginning of the week, the price was 92,000 RMB/ton, and at the end of the week, the price was 94,000 RMB/ton. This week, the overall price rose 2.17%. As of June 9, the mainstream price was about 94,000 RMB/ton. Downstream replenished goods just on demand. The price of upstream Lithium carbonate was high. The cost side of ferrous lithium phosphate had certain support. In the short term, Lithium carbonate will maintain its early trend, the manufacturer will supply only old customers, and will not accept new orders.
Chemical Commodity Index: On June 8th, the chemical index stood at 826 points, a decrease of 3 points from the previous day, a decrease of 41.00% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 38.13% 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 of ferrous lithium phosphate from SunSirs believe that the ferrous lithium phosphate market will be stable and stronger in the short term.
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