SunSirs: The Ferrous Lithium Phosphate Market Was Weak and Downward (December 18-25)

Price trend

According to the analysis system of the commodity market of SunSirs, as of December 25th, the average price of high-quality power grade ferrous lithium phosphate was 49,000 RMB/ton. The price of ferrous lithium phosphate was mainly weak, with a 2% decrease compared to the same period last week and a 9.93% decrease compared to the same period last month. The upstream favorable support was weak, and downstream demand was insufficient, lacking the driving force for the rise of ferrous lithium phosphate.

Analysis review

Recently, the price of ferrous lithium phosphate had maintained a weak downward trend, and the overall market negotiation atmosphere was lukewarm. It fell by 2% this week, and compared to the same period last month, the price had dropped by 9.93%. As of December 25th, the downstream demand for ferrous lithium phosphate was insufficient, and the inventory was running at a high level. Inventory pressure still existed, and consumption was slow. Manufacturers were operating under pressure, with a clear pessimistic attitude. Downstream replenishment was mainly based on demand, and the main supply contract customers had overcapacity. The lithium battery market had a strong wait-and-see atmosphere.

On December 24th, the ferrous lithium phosphate commodity index was 132.43 point, unchanged from the previous day, a decrease of 71.51% from the highest point in the cycle of 464.86 points (2022-12-26), and an increase of 36.10% from the lowest point of 97.30 points on December 21st, 2020. (Note: The cycle refers to the period from September 1, 2020 to present).

Market outlook

Ferrous lithium phosphate analysts from SunSirs believe that in the short term, ferrous lithium phosphate will continue to operate weakly, with insufficient upward momentum.

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