SunSirs: The Ferrous Lithium Phosphate Market Operated to Be Weaker in a Narrow Range (October 13-20)
October 25 2023 10:47:51 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of October 20th, the price of high-quality power type ferrous lithium phosphate was 67,600 RMB/ton, a slight decrease of 0.88% compared to the same period last week. As of October 20th, the mainstream price was around 67,000 RMB/ton, mainly for contract customers, and new orders were not accepted.
Analysis review
This week, the ferrous lithium phosphate market was mainly stable. The price for the same period last week was 68,200 RMB/ton, and the mainstream price was around 67,000 RMB/ton by October 20th. The overall market was stable and weaker, downstream restocking was on demand and demand was average. Upstream lithium carbonate was stable and weaker, and the cost side of ferrous lithium phosphate was not strong. In the short term, lithium carbonate will maintain its previous trend, with manufacturers only supplying old customers and not taking orders from new customers.
Chemical Commodity Index: On October 20th, the chemical index stood at 910 points, a decrease of 4 points from the previous day, a decrease of 35.00% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 52.17% 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 operate stably and to be weaker in the short term.
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