SunSirs: The Ferrous Lithium Phosphate Market Operated Strongly in November

Price trend

According to the data monitored by SunSirs, as of November 29, the average price of domestic power type premium ferrous lithium phosphate was 170,000.00 RMB/ton. The overall market price of ferrous lithium phosphate in November increased by 3.03%, slightly higher than that of the same period last month, and the price of ferrous lithium phosphate was stable and strong.

Analysis review

In November, as of November 7, the price of power type premium ferrous lithium phosphate was 165,000 RMB/ton. The price of ferrous lithium phosphate was mainly stable, and the price range was 160,000-165,000 RMB/ton. The downstream just needed procurement was dominated, the operating rate was stable, the procurement atmosphere was general, and the overall market remained stable and strong. The manufacturer's supply of goods was only for old customers, mainly delivered goods for contract customers according to orders. The overall market negotiation atmosphere was fair. As of November 15, the price of ferrous lithium phosphate, an excellent power product, was 170,000 RMB/ton, 3.03% higher than that of the same period last week. The overall market was stable and strong, the operating rate was stable, the purchasing atmosphere was general, and the mainstream price range was about 170,000 RMB/ton. In late November, the price of ferrous lithium phosphate remained unchanged, consistent with the previous period, and the overall market was stable and tended to be strong.

Chemical index: On November 28, the chemical index was 940 points, unchanged from the previous day, 32.86% lower than the cycle's highest point of 1,400 points (2021-10-23), and 57.19% higher than 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

According to the analysts of Ferrous lithium phosphate from SunSirs, the Ferrous lithium phosphate market is expected to operate stably in December.

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