SunSirs: The Market Price of Ferrous Lithium Phosphate Fell in December

Price trend

According to data monitored by SunSirs, as of December 29th, the price of high-quality power grade ferrous lithium phosphate was 46,000 RMB/ton. Overall, ferrous lithium phosphate showed a broad downward trend in December, with the mainstream price around 46,000 RMB/ton. The price in early December was 52,000 RMB/ton, and the price at the end of December was 46,000 RMB/ton. The price for the entire month of December had decreased by 11.54%. The dual pressure of cost and demand had put pressure on ferrous lithium phosphate to move forward.

Analysis review

In December, the price of ferrous lithium phosphate mainly experienced a decline, with an overall price drop of 15.34% in November, reaching 12,000 RMB/ton. As of December 29th, ferrous lithium phosphate was showing a continuous downward trend, mainly influenced by upstream lithium carbonate, passively following the decline. Upstream lithium carbonate was experiencing a cliff-like decline. Ferrous lithium phosphate was under tremendous cost pressure, with almost no support on the cost side. As of December 29th, downstream demand had not met expectations, and demand was clearly insufficient. Manufacturers continued to lower prices, significantly declined, the enterprise operating load continued to reduce, industry demand was difficult to be improved, and market sentiment was low.

Commodity index: On December 28th, the chemical index was 879 points, unchanged from the previous day, a decrease of 37.21% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.99% 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 the market for ferrous lithium phosphate was mainly in a downward trend, with upstream lithium carbonate continuing to decline. There was insufficient cost support, and downstream demand was weak. There is no turning point in the market for ferrous lithium phosphate in the short term.

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