According to the analysis system of the commodity market of Business Society, as of January 19th, the average price of high-quality power type lithium iron phosphate is 43000 yuan/ton. The price of lithium iron phosphate is mainly weak, with a decrease of 0.92% compared to the same period last week and a decrease of 12.24% compared to the same period last month. The upstream continues to have a weak market, and the cost support is weak.
This week, the price of lithium iron phosphate remained weak and downward, and the overall market negotiation atmosphere was lukewarm. Compared to the same period last week, the price dropped by 0.92%, and compared to the same period last month, the price dropped by 12.24%. Currently, downstream demand for lithium iron phosphate is insufficient, shipments are slow, inventory is running at high levels, operating rates are stable, manufacturers are operating under pressure, and a pessimistic attitude is obvious. Downstream replenishment is mainly based on demand, with main supply contract customers and overcapacity. The lithium battery market has a strong wait-and-see atmosphere.
Chemical index: On January 18th, the chemical index was 864 points, unchanged from yesterday, a decrease of 38.29% from the highest point in the cycle of 1400 points (2021-10-23), and an increase of 44.48% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).
Analysts from Shengyishe Lithium Iron Phosphate believe that in the short term, lithium iron phosphate will continue to operate weakly, with limited upward potential.
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