SunSirs: The Upstream Support Was Strong, and Ferrous Lithium Phosphate Ran Strongly This Week

　　Price trend

　　According to the data monitored by SunSirs, as of August 27, the average price of domestic power-type premium ferrous lithium phosphate was 53000.00 RMB/ton. The market price of ferrous lithium phosphate rose slightly this week, the focus of the negotiations was high, the supply and demand were balanced, the downstream purchased mainly on demand, and the transaction atmosphere was cautious.

　　Analysis review

　　This week, the ferrous lithium phosphate market was mainly up within a narrow range. The upstream cost support was strong, the upward trend did not decrease, and the focus of negotiations was high. Ferrous lithium phosphate followed the pace and moved up within a narrow range, and the transaction atmosphere was strong. As of the 27th, the mainstream price range of power-type ferrous lithium phosphate was 52,000-56,000 RMB/ton, and the price range of energy-storage-type ferrous lithium phosphate was 47,000-50,000 RMB/ton. The ferrous lithium phosphate market was stable and will operate steadily and strongly in the short term.

　　The upstream lithium carbonate continued to be high and the transaction atmosphere was positive. The average price of industrial-grade lithium carbonate in East China was 111,600 RMB/ton, which increased by 26.82% from the beginning of the month (the average price of industrial carbon in East China was 88,000 RMB/ton). As of the 26th, the comprehensive price of industrial-grade lithium carbonate was 103,000-122,000 RMB/ton, and the comprehensive price of battery-grade lithium carbonate was 108,000-126,000 RMB/ton.

　　Market outlook

　　Ferrous lithium phosphate analysts of SunSirs believe that: Ferrous lithium phosphate is expected to run steadily in the short term.