SunSirs: The Ferrous Lithium Phosphate Market Was Weakly Downward (January 5-12)
January 15 2024 11:21:53 SunSirs (John)
Price trend
According to the analysis system of the commodity market of SunSirs, as of January 12th, the average price of high-quality power grade ferrous lithium phosphate was 43400 RMB/ton. The price of ferrous lithium phosphate was mainly weak, with a price drop of 3.56% compared to the same period last week and a price drop of 15.23% compared to the same period last month. The upstream market continued to be weak, and the cost support was weak.
Analysis review
This week, the price of ferrous lithium phosphate maintained a weak downward trend, and the overall market negotiation atmosphere was lukewarm. The price of ferrous lithium phosphate fell by 3.56% this week, which was 15.23% lower than the same period last month. As of January 12th, downstream demand for ferrous lithium phosphate was insufficient, shipments were slow, inventory was running at a high level, operating rates were stable, manufacturers were operating under pressure, and a pessimistic attitude was obvious. Downstream replenishment was mainly based on demand, mainly supplying contract customers, overcapacity, and a strong wait-and-see atmosphere in the lithium battery market.
Chemical index: On January 11th, the chemical index was 867 points, a decrease of 4 points from the previous day, a decrease of 38.07% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.98% 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, ferrous lithium phosphate will continue to operate weakly, with limited upward potential.
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