SunSirs: The Price of Ferrous Lithium Phosphate Remained Stable with a Weaker Trend (May 9-16)

https://www.chemnet.com   May 20,2024 SunSirs

According to the analysis system of the commodity market of SunSirs, as of May 16th, the price of high-quality power type ferrous lithium phosphate was 43,500 RMB/ton, and the price of energy storage type ferrous lithium phosphate was 42,166.67 RMB/ton. This week, the price of ferrous lithium phosphate was mainly weak, with upstream prices of iron phosphate remaining stable and limited growth in lithium carbonate. The cost support for ferrous lithium phosphate was average, and downstream demand was poor. As of May 16th, the supply and demand balance in the ferrous lithium phosphate market was mainly dominant.

Analysis review

In terms of cost: After the May Day holiday, the upstream lithium carbonate price had remained stable with a stronger trend, inventory had remained high, downstream procurement enthusiasm was insufficient, and the overall market transaction atmosphere was cold. It is expected that the short-term spot price of lithium carbonate will remain stable, and the upstream iron phosphate price will remain stable with a small range of price fluctuations. It is expected that the price trend will remain the main trend in the short term.

Market outlook

In summary, the market supply was sufficient, downstream demand was insufficient, upstream lithium carbonate and iron phosphate prices lacked upward momentum, and ferrous lithium phosphate lacked upward momentum. It is expected that ferrous lithium phosphate will maintain its trend in the short term, with the price of high-quality power grade ferrous lithium phosphate remaining around 43,500 RMB/ton and the price of energy storage type ferrous lithium phosphate remaining around 42,200 RMB/ton.

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