SunSirs: In July, the Ferrous Lithium Phosphate Market Was Weaker in a Narrow Range

https://www.chemnet.com   Jul 31,2023 SunSirs

According to the data monitored by SunSirs, as of July 28, the price of power type premium ferrous lithium phosphate was 94,500 RMB/ton, down 0.53% compared with the same period last month. As of July 28, the mainstream price was about 94,000 RMB/ton, the price at the beginning of July was 95,000 RMB/ton, and the price at the end of July was 94,500 RMB/ton, down 0.53% for the whole month. The overall market supply and demand were balanced. New customers were limited and contract customers were the main customers.

Analysis review

In July, ferrous lithium phosphate operated stably, the market was weaker in a narrow range, and the price was slightly lowered. The price at the beginning of the month was 95,000 RMB/ton, and the price by the end of July was 94,500 RMB/ton. Downstream replenished goods mainly on demand, and the willingness to stock up was general. Upstream lithium carbonate was weaker in a narrow range. As of July 28, lithium carbonate market had sufficient demand, and there is market but priceless. In the short term, lithium carbonate is weakly sorted out, and it operates under pressure.

Chemical Index: On July 27th, the chemical index stood at 839 points, an increase of 5 points compared to the previous day, a decrease of 40.07% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 40.30% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

Analysts from ferrous lithium phosphate SunSirs believe that the ferrous lithium phosphate market will operate in a narrow range as a whole in the short term, and the price fluctuation range is limited.

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