Price trend

According to the analysis system of the commodity market of SunSirs, as of April 29th, the price of high-quality power type ferrous lithium phosphate was 43,612 RMB/ton, and the price of energy storage type ferrous lithium phosphate was 42,300 RMB/ton. After the holiday in May, the ferrous lithium phosphate market had mainly maintained stable operation, with prices maintaining stable operation and no significant fluctuations. Upstream iron phosphate prices remained stable, while lithium carbonate prices had remained stable with a moderate to stronger trend and limited increase. The cost support for ferrous lithium phosphate was average. As of May 11th, the supply and demand of the ferrous lithium phosphate market was mainly balanced.

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, from the perspective of market supply and demand, the market supply was sufficient, downstream demand was insufficient, and upstream lithium carbonate and iron phosphate prices lacked upward momentum, making it difficult to boost the price of ferrous lithium phosphate. It is expected that in the short term, ferrous lithium phosphate will maintain its current trend, the price of high-quality power grade ferrous lithium phosphate will remain around 43,612 RMB/ton, and the price of energy storage type ferrous lithium phosphate will remain around 42,300 RMB/ton.

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