SunSirs: Ferrous Lithium Phosphate Market Was Stable (July 5-12)
July 13 2023 11:12:28 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of July 12, the price of ferrous lithium phosphate, a superior power product, was 95,000 RMB/ton, which was mainly stable compared with the same period last week and the same period last month. As of July 12, the mainstream price was about 94,000 RMB/ton, and mainly supplied contract customers, but did not accept new orders.
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 July 12, the mainstream price was about 94,000 RMB/ton. Downstream replenished 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's supply was only for old customers, and did not accept new customers’ orders.
Chemical Commodity Index: On July 10th, the chemical index stood at 806 points, an increase of 2 points compared to the previous day, a decrease of 42.43% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 34.78% 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.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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