Price trend

According to the analysis system of the commodity market of SunSirs, as of May 28th, the price of high-quality power type ferrous lithium phosphate was 43,350 RMB/ton, and the price of energy storage type ferrous lithium phosphate was 42,066.67 RMB/ton. This week, the overall weak operation of the ferrous lithium phosphate factory was the main trend, with a stable and weaker price trend. Upstream iron phosphate prices remained strong, while lithium carbonate prices fell weakly with limited growth. The cost support for ferrous lithium phosphate was weak, and the ferrous lithium phosphate market is mainly characterized by supply-demand balance in the short term.

Analysis review

In terms of cost: This week, upstream lithium carbonate was mainly weakly operated, with increased production and high inventory levels, resulting in continuous market supply pressure. In addition, some manufacturers had a strong willingness to lower prices, leading to a continued downward shift in spot prices. It is expected that lithium carbonate will maintain a stable and weaker trend in the short term.

Market outlook

In summary, from a cost perspective, upstream prices had risen and fallen, while ferrous lithium phosphate prices maintained their trend. As of May 27th, inventory was operating at a high level, and companies had a clear willingness to lower prices. Inventory reduction was the main focus, and it is expected that ferrous lithium phosphate will maintain its trend in the short term. 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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