SunSirs: The Ferrous Lithium Phosphate Market Was Weakly Downturn (February 16-23)

　　Price trend

　　According to the analysis system of the commodity market of SunSirs, as of February 23, the average price of high-quality power type ferrous lithium phosphate was 42,800 RMB/ton, with the price of ferrous lithium phosphate mainly operating weakly, a decrease of 0.47% compared to the same period last week. After the holiday, the demand for ferrous lithium phosphate was poor, and the cost side support was weak, resulting in a weak market overall.

　　Analysis review

　　This week, the price of ferrous lithium phosphate had remained weak and downward, with a cold market negotiation atmosphere and slow shipments. Compared to the same period last week, the price had dropped by 0.47%, and the price was narrowly weaker. As of February 23rd, downstream demand for ferrous lithium phosphate was insufficient, and the upward momentum is not obvious. Downstream shipments were slow, and inventory was running at a high level. As of February 23rd, tthe operating rate was stable, manufacturers were operating under pressure, making concessions and taking orders. Downstream replenishment was mainly based on demand, mainly supplying contract customers, The lithium-ion battery market had a strong wait-and-see atmosphere and sufficient supply.

　　Chemical index: On February 22, the chemical index was 876 points, a decrease of 1 point from the previous ay, a decrease of 37.43% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.49% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 present).

　　Market outlook

　　Ferrous lithium phosphate Analysts from SunSirs believe that in the short term, ferrous lithium phosphate will continue to operate weakly, with insufficient upward momentum.