SunSirs The Ferrous Lithium Phosphate Market Was Weak and Downward (November 24- December 1)

Price trend

According to the analysis system of the commodity market of SunSirs, as of December 1st, the average price of high-quality power type Ferrous lithium phosphate was 51,900 RMB/ton. This week, the price of Ferrous lithium phosphate was weak, with a 4.6% decrease compared to the same period last week and an 18.4% decrease compared to the same period last month.

Analysis review

This week, the price of Ferrous lithium phosphate had experienced a broad decline, with prices continuing to operate at a low level, dropping 4.6% in a week. Downstream demand was insufficient, inventory was running at a high level, and manufacturers were operating under pressure. There wass a strong wait-and-see atmosphere, and overall market consumption was slow. Downstream replenishment was mainly on demand. The lithium battery market had a pessimistic attitude and a bearish atmosphere.

The price of upstream lithium carbonate remained low, with a main decline in price. Supply and demand pressure still existed, a decrease of 22.49% compared to the average price of 159,200 RMB/ton on November 1st. On November 30th, the average domestic mixed price of battery grade lithium carbonate was 134,000 RMB/ton, a decrease of 21.08% compared to the average price of 169,800 RMB/ton on November 1st. The willingness to purchase lithium carbonate in the market was not high, and the transaction atmosphere was difficult to improve.

Market outlook

Ferrous lithium phosphate analysts from SunSirs believe that the upstream lithium carbonate market had limited upward potential and insufficient upward momentum. The downstream automotive market demand was weak, and there was a strong wait-and-see atmosphere. The overall market of Ferrous lithium phosphate is operating under pressure, maintaining a stable and weaker trend.

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