SunSirs: The Ferrous Lithium Phosphate Market Was Dominated by Strong Operation (November 8-15)
November 16 2022 09:37:05 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of November 15, the price of power type premium ferrous lithium phosphate was 170,000 RMB/ton, up 3.03% compared with the same period last week. The overall market is stable and strong, the operating rate was stable, the procurement atmosphere was general, the mainstream price range was about 170,000 RMB/ton, mainly focusing on contract customers, and new customers did not take orders.
Analysis review
The price of power type and premium ferrous lithium phosphate was 170,000 RMB/ton. The price of ferrous lithium phosphate was stable and strong, and the price range was maintained at 170,000 RMB/ton. The downstream purchased just on demand mainly, and the operating rate was stable. The overall market of ferrous lithium phosphate remained stable and strong. The manufacturer only supplied old customers, and the number of new customers was limited. As of November 15, the price of upstream lithium carbonate was lowered, which is weak. The market price of industrial lithium carbonate was 585,000 RMB/ton, and the market price of battery grade lithium carbonate was 595,000 RMB/ton.
Chemical index: On November 14, the chemical index was 943 points, down 2 points from the previous day, down 32.64% from the cycle's highest point of 1,400 points (2021-10-23), and up 57.69% from the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).
Market outlook
Analysts of Ferrous lithium phosphate from SunSirs believe that the Ferrous lithium phosphate market will operate stably in the short term.
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