SunSirs: The Ferrous Lithium Phosphate Market Was Mainly Operating Stably (September 13-20)
September 21 2023 14:20:23 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of September 20th, the price of high-quality power type ferrous lithium phosphate was 75,000 RMB/ton, which was mainly stable compared to the same period last week. As of September 20th, the mainstream price was around 75,000 RMB/ton, mainly supplied to contract customers, and new orders were not accepted.
Analysis review
This week, the ferrous lithium phosphate market was mainly stable. Last week, the price for the same period was 75,000 RMB/ton. As of September 20th, the mainstream price was around 75,000 RMB/ton, and the overall market was weak and downward. Downstream replenishment was on demand, while upstream lithium carbonate was stable and weaker. The cost support for ferrous lithium phosphate was weak. In the short term, lithium carbonate will maintain its previous trend, and manufacturers will only supply old customers with goods, while new orders will not be accepted.
Chemical Index: On September 18th, the chemical index stood at 969 points, an increase of 2 points compared to the previous day, a decrease of 30.79% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 62.04% 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 from SunSirs believe that the ferrous lithium phosphate market will be stable and weaker in the short term.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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