SunSirs: The Ferrous Lithium Phosphate market Was Weak and Downturn (December 14-21)

https://www.chemnet.com   Dec 25,2023 SunSirs

　　According to the analysis system of the commodity market of SunSirs, as of December 21st, the average price of high-quality power grade ferrous lithium phosphate was 49,000 RMB/ton. The price of ferrous lithium phosphate was mainly weak, with a 2% decrease compared to the same period last week. The upstream continued to decline, and downstream demand was insufficient. The upward trend of ferrous lithium phosphate was not significant, with a 14.63% decrease compared to the same period last month.

　　Analysis review

　　Recently, the price of ferrous lithium phosphate had experienced a wide decline, with prices continuing to operate at a low level, dropping by 2% in a week. Downstream demand was insufficient, inventory was running at a high level, manufacturers were operating under pressure, and overall market consumption was slow. A pessimistic attitude was evident, with downstream restocking mainly based on demand, mainly supplying contract customers, overcapacity, and a strong wait-and-see atmosphere in the lithium battery market.

　　On December 20th, the chemical index was 875 points, unchanged from the previous day, a decrease of 37.50% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.32% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).

　　Market outlook

　　SunSirs' ferrous lithium phosphate analyst believes that in the short term, ferrous lithium phosphate will maintain a weak operation and continue to monitor upstream trends.

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