SunSirs: The Market Price of Ferrous Lithium Phosphate Fell in November
December 01 2023 14:51:34 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of November 30th, the price of high-quality power grade ferrous lithium phosphate was 52,000 RMB/ton. Overall, ferrous lithium phosphate showed a broad downward trend in December. As of November 30th, the mainstream price was around 52,000 RMB/ton, with a price of 63.600 RMB/ton in early November and 52,000 RMB/ton at the end of November. he decline for the entire month of November was 15.34%. The overall market supply and demand were balanced, with limited new customer transactions and mainly contract customers.
Analysis review
In November, the price of ferrous lithium phosphate mainly experienced a narrow decline, with a downward trend. Overall, the price fell by 15.34% in November, with a drop of 12,000 RMB/ton. As of November 30th, downstream restocking was on demand, with poor demand and average stocking willingness. Upstream lithium carbonate experienced a significant decline in November, with limited cost support, sufficient supply, and slow shipment. The overall market was under pressure.
Commodity index: On November 29th, the chemical index was 869 points, a decrease of 1 point from the previous day, a decrease of 37.93% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 45.32% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).
Market outlook
Ferrous lithium phosphate analysts from SunSirs believe that in the short term, the market for ferrous lithium phosphate is mainly weak, with insufficient support on the cost side, poor downstream demand, and insufficient upward momentum.
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