SunSirs: Ferrous Lithium Phosphate Market Prices Rose This Week

　　Price trendAccording to the data monitored by SunSirs, as of January 11, the average price of domestic power-type high-quality ferrous lithium phosphate was 112,000.00 RMB/ton, and the market price of ferrous lithium phosphate rose, a slight increase of 4.76% compared with the same period last week. The focus of market discussions was generally high, the inventory was low, and the downstream purchased mainly just on demand, and the transaction atmosphere was acceptable.

　　Analysis review

　　The price trend of ferrous lithium phosphate is on the strong side. The mainstream price on the 11th was 112,000 RMB/ton. The manufacturers are actively shipping. At present, the supply side is tight, the focus of negotiations is high, and the overall market negotiation atmosphere is acceptable. The center of gravity of the upstream market is running at a high level, and prices are rising, which has certain support for the ferrous lithium phosphate market, and the overall market is running strong.Upstream Lithium Carbonate: Lithium carbonate prices continued to rise at the beginning of the week, and the price increase was also increasing. As the new production capacity of the domestic ferrous lithium phosphate industry continues to climb, this makes the supply of lithium carbonate, which is already tight, even more tight. At present, the market procurement is more difficult, the market demand does not decrease, and the order transaction price continues to increase.

　　Market outlook

　　Ferrous lithium phosphate analysts from SunSirs believe that ferrous lithium phosphate is expected to continue its upward trend in the short term.