SunSirs: The Ferrous Lithium Phosphate Market Was Mainly Stable (July 18-25)
July 26 2023 14:37:09 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of July 25, the price of f premium power type ferrous lithium phosphate was 94,500 RMB/ton, down 0.53% from the same period last week. As of July 25th, the mainstream price was around 94000 RMB/ton, mainly supplied to contract customers, and new orders were not accepted.
Analysis review
This week, ferrous lithium phosphate was mainly stable. The price at the beginning of the week was 95,000 RMB/ton. As of July 25, the mainstream price was about 94,000 RMB/ton. Downstream was replenished on demand. Upstream lithium carbonate was stable and stronger, and the cost side provided certain support for ferrous lithium phosphate. In the short term, lithium iron phosphate will maintain its early trend. The manufacturer only supplied for old customers, and new orders were not accepted.
Chemical Index: On July 24th, the chemical index stood at 828 points, an increase of 2 points compared to the previous day, a decrease of 40.86% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 38.46% 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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