SunSirs: The Ferrous Lithium Phosphate Market Was Mainly Weakly Operating (August 7-14)
August 15 2023 09:54:21 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of August 14th, the price of high-quality power type ferrous lithium phosphate was 89,000 RMB/ton, a decrease of 4.81% compared to the same period last week. As of August 14th, the mainstream price was around 89,000 RMB/ton, mainly for contract customers, and new orders were not accepted.
Analysis review
This week, the ferrous lithium phosphate was mainly stable. The price for the same period last week was 95,000 RMB/ton, and the current mainstream price was around 89,000 RMB/ton. The overall market was weaker and downward, downstream restocking was on demand. Upstream lithium carbonate was stable and weaker, and the cost support for ferrous lithium phosphate was weaker. In the short term, lithium carbonate maintained its early trend, and manufacturers only supply old customers, and did not accept new customers’ orders.
Chemical Commodity Index: On August 13th, the chemical index stood at 874 points, unchanged from the previous day, a decrease of 37.57% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 46.15% 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 will be stable and weaker in the short term.
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