Price trend

According to data monitored by SunSirs, as of August 31st, the price of power type premium ferrous lithium phosphate was 80,000 RMB/ton, a decrease of 15.34% compared to the same period last month. As of August 31st, the mainstream price was around 80,000 RMB/ton, the price at the beginning of August was 94,500 RMB/ton, while the price at the end of August was 80,000 RMB/ton, a decrease of 15.34% for the entire month of August. The overall market supply and demand was balanced, new customer transactions were limited and mainly focused on contract customers..

Analysis review

In August, the price of ferrous lithium phosphate mainly experienced a narrow downward trend, with a slight decrease in price. At the beginning of August, the price was 94,500 RMB/ton, and as of the end of August, the price was 80,000 RMB/ton. Downstream restocking was on demand, and the willingness to stock up was average. Upstream lithium carbonate was weaker in a narrow range. As of August 31st, the demand for lithium carbonate in the market was abundant. In the short term, lithium carbonate will be weak and operating under pressure.

Chemical Index: On August 29, the chemical index stood at 921 points, an increase of 4 points compared to the previous day, a decrease of 34.21% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 54.01% 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 SunSirs believe that the ferrous lithium phosphate market will be stable and weaker in the short term.

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