SunSirs: Supply and Demand Are Balanced, and the Ferrous Lithium Phosphate Market Is Operating Smoothly
June 10 2021 13:47:48 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of June 9th, the average price of domestic power-type premium Ferrous lithium phosphate was 50,000.00 RMB/ton. Recently, Ferrous lithium phosphate has been operating smoothly, with consolidation in a narrow range, and the downstream just purchases on demand, and the negotiation atmosphere is flat.
Analysis review
In June, the overall market for Ferrous lithium phosphate is mainly operating stably, the price trend is stable, the supply and demand are balanced, the upstream lithium carbonate is running steadily, and the growth rate slows down. Sales are mainly for contract customers, and the number of new customers is limited. As of the 9th, the mainstream price range of power-type Ferrous lithium phosphate was 48,000-52,000 RMB/ton, the price range of energy-storage-type Ferrous lithium phosphate was 42,000-46,000 RMB/ton, and the price range of upstream battery-grade lithium carbonate was 87,000-91,000 RMB/ton, and the price range of industrial-grade lithium carbonate was 80,000-85,000 RMB/ton. The upstream lithium carbonate runs steadily and the trend is relatively stable.
The chemical index on June 8 was 1,037 points, an increase of 3 points from previous day, a decrease of 4.34% from the highest point in the cycle of 1,084 points (2021-05-13), and an increase of 73.41% from the lowest point of 598 points on April 8, 2020. (Note: Period refers to 2011-12-01 to present)
Market outlook
Ferrous lithium phosphate analysts of SunSirs believe that the focus of the discussion is stable. In the short term, Ferrous lithium phosphate will operate stably with limited price fluctuations.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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