SunSirs: The Ferrous Lithium Phosphate Market Was Weakly Downward (January 12-19)
January 23 2024 14:50:23 SunSirs (John)
Price trend
According to the analysis system of the commodity market of SunSirs, as of January 19th, the average price of high-quality power type ferrous lithium phosphate was 4,3000 RMB/ton. The price of ferrous lithium phosphate was mainly weak, with a decrease of 0.92% compared to the same period last week and a decrease of 12.24% compared to the same period last month. The upstream continued to have a weak market, and the cost support was weak.
Analysis review
This week, the price of ferrous lithium phosphate remained weak and downward, and the overall market negotiation atmosphere was lukewarm. Compared to the same period last week, the price dropped by 0.92%, and compared to the same period last month, the price dropped by 12.24%. As of January 19th, downstream demand for ferrous lithium phosphate was insufficient, shipments were slow, inventory was running at high levels, operating rates were stable, manufacturers were operating under pressure, and a pessimistic attitude was obvious. Downstream replenishment was mainly based on demand, mainly supplied to contract customers and overcapacity. The lithium battery market had a strong wait-and-see atmosphere.
Chemical index: On January 18th, the chemical index was 864 points, unchanged from the previous day, a decrease of 38.29% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.48% 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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