SunSirs: The Ferrous Lithium Phosphate Market Mainly Operated Stably (June 20-27)
June 28 2023 10:33:17 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of June 27, the price of ferrous lithium phosphate, a superior power product, was 94,000 RMB/ton, which was mainly stable compared with the same period last week and the same period last month. As of 27th, the mainstream price was about 94,000 RMB/ton, mainly supplied contract customers, new orders were not accepted.
Analysis review
This week, ferrous lithium phosphate was mainly stable. The price at the beginning of the week was 92,000 RMB/ton. As of 27th, the mainstream price was about 94,000 RMB/ton. Downstream was replenished on demand. The upstream Lithium carbonate price was high, and the cost side of ferrous lithium phosphate had certain support. In the short term, lithium carbonate will maintain its early trend. The manufacturer supplied only old customers, and did not accepted new customers’ orders.
Chemical Index: On June 26th, the chemical index stood at 804 points, a decrease of 1 point from the previous day, a decrease of 42.57% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 34.45% 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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