SunSirs: Upstream Went Higher, Ferrous Lithium Phosphate Operated Strongly

　　Price trend

　　According to the data monitored by SunSirs, as of August 11, the average price of domestic power-type premium ferrous lithium phosphate was 52,000.00 RMB/ton. In the past week, the ferrous lithium phosphate market was operating steadily. Compared with the same period last week, the price had not changed significantly. The downstream just purchased on demand, the price fluctuation range was not large, and the negotiation atmosphere was flat.

　　Analysis review

　　Ferrous lithium phosphate market is mainly operating stably, supply and demand are balanced, and prices are trending steadily. As of the 11th, the mainstream price range of power type ferrous lithium phosphate was 51,000-55,000 RMB/ton, the price range of energy storage type ferrous lithium phosphate was 46,000-49,500 RMB/ton, the price range of battery-grade lithium carbonate was 93,000-96,000 RMB/ton, and the price of industrial grade lithium carbonate ranges was 90,000 9-93,000 RMB/ton. Most companies adjusted their prices one after another, and the ferrous lithium phosphate market rose steadily. In the short term, it will operate steadily and strongly.

　　Since 2021, due to the substantial increase in upstream raw materials, under cost pressure, ferrous lithium phosphate also followed all the way. In late May, the price stabilized and remained stable until August. From July to August, the overall increase of ferrous lithium phosphate was 4%, and it was maintaining steady growth. At present, the price of lithium carbonate in the upstream is rising, and the momentum remains unabated, forming a certain support for ferrous lithium phosphate. It is expected that the market outlook will remain strong.

　　On August 10, the chemical index was 1,116 points, a decrease of 2 points from yesterday, a decrease of 0.62% from the highest point in the cycle of 1,123 points (2021-08-05), and an increase of 86.62% from the lowest point of 598 points on April 8, 2020. (Note: Period refers to 2011-12-01 till now)

　　Market outlook

　　Ferrous lithium phosphate analysts believe that: the upstream price of lithium carbonate remains high and the upward trend is rapid, which has certain support for ferrous lithium phosphate. It is expected that ferrous lithium phosphate will operate steadily and strongly in the short term.