According to the data monitored by SunSirs, as of March 31, the price of high-quality power type ferrous lithium phosphate was 100,000 RMB/ton. In March, the ferrous lithium phosphate market declined significantly, with an overall decline of 31.03% in March, and down 9.09% compared to the same period last week. On the 31st, the mainstream price range was around 100,000 RMB/ton, mainly for contract customers, and new orders were not received.
Analysis review
In March, ferrous lithium phosphate went down broadly, and the price continued to decline. At the beginning of the month, the price was 145,000 RMB/ton, and at the end of the month, the price was 100,000 RMB/ton, an overall decrease of 45,000 RMB/ton. The mainstream price on the 31st was 100,000 RMB/ton. Downstream purchases were mainly based in needed, maintaining a stable and weaker operation in the short term. The manufacturer's supply only supplies old customers, while did not receive orders from new customers. Upstream lithium carbonate continued to decline in March, with a weak trend. Overall, lithium carbonate fell 35.89% in March. Ferrous lithium phosphate had weak cost support and flat demand, and prices are prone to decline but difficult to rise in the short term.
Chemical index: On March 30, the chemical index stood at 912 points, down 2 points from the previous day, down 34.86% from the cycle's highest point of 1,400 points (2021-10-23), and up 52.51% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 to now).
Market outlook
Analysts from SunSirs believe that the ferrous lithium phosphate market is stable and weaker in the short term, with insufficient downstream demand and a sustained decline in the upstream, which is difficult to alleviate in the short term.
