SunSirs: The Market Price of Ferrous Lithium Phosphate Went Up

Price trend

According to the data monitored by SunSirs, as of October 20, the average price of domestic power-type premium ferrous lithium phosphate was 83,250.00 RMB/ton. The market price of ferrous lithium phosphate is rising, the focus of negotiation is high, the inventory is normal, the downstream just needs to purchase mainly, the transaction atmosphere is cautious. The upstream is operating strongly, forming a certain degree of support, and the supply is normal.

Analysis review

The price of ferrous lithium phosphate continues to rise, supported by strong upstream costs, the price continues to rise, and the upward momentum is not diminished. The focus of negotiations is high, the transaction atmosphere is strong, the market price of ferrous lithium phosphate is rising, and the trend is strong in the short term.

Upstream lithium carbonate: Recently, the price of lithium carbonate has continued to increase, and the upward rate has slowed down significantly. There are still some companies raising the price of lithium carbonate. At present, due to the excessive cost pressure of the power curtailment of downstream enterprises, the purchasing demand has weakened. In addition, the nervousness of industrial carbon and electric carbon shipments is now relaxed, the market is full of wait-and-see sentiment, and the transaction is relatively small.

On October 19, the lithium carbonate commodity index was 443.82, an increase of 1.02 points from previous day, a record high in the cycle, and an increase of 350.40% from the lowest point of 98.54 on October 16, 2014. (Note: Period refers to 2011-09-01 to present).

Market outlook

Ferrous lithium phosphate analysts of SunSirs believe that the price of ferrous lithium phosphate is expected to rise in the short term.