SunSirs: The Market Price of Ferrous Lithium Phosphate Rose in May

https://www.chemnet.com   Jun 02,2023 SunSirs

　　According to data monitored by SunSirs, as of May 31st, the price of high-quality power type ferrous lithium phosphate was 92,000 RMB/ton. In May, the ferrous lithium phosphate market showed a broad upward trend, with the overall price of ferrous lithium phosphate rising by 21.05% in May, and a 15% increase compared to the same period last week. As of 31st, the mainstream price was around 92,000 RMB/ton, mainly for contract customers, and new orders were not accepted.

　　Analysis review

　　In May, ferrous lithium phosphate showed a broad upward trend, with prices continuing to rise. At the beginning of the month, the price was 76,000 RMB/ton, and at the end of the month, the price was 92,000 RMB/ton, an overall increase of 21.05%. As of 31st, the mainstream price was around 92000 RMB/ton, and downstream restocked as needed. Upstream lithium carbonate prices were high, and the cost side of ferrous lithium phosphate was supported. In the short term, lithium carbonate will maintain its previous trend, with manufacturers only supplying old customers and new orders were not accepted.

　　Chemical commodity index: On May 30th, the chemical index was 850 points, a decrease of 3 points from the previous day, a decrease of 39.29% from the highest point in the cycle of 1,400 points (2021-10-23), and a 42.14% increase from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

　　Market outlook

　　Analysts from SunSirs believe that in the short term, the ferrous lithium phosphate market is operating steadily with a stronger trend.

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