According to data monitored by Business Society, as of October 20th, the price of high-quality power type lithium iron phosphate was 67600 yuan/ton, a slight decrease of 0.88% compared to the same period last week. Currently, the mainstream price is around 67000 yuan/ton, mainly for contract customers, and new orders are not accepted.
This week, the stable operation of lithium iron phosphate is the main focus. The price for the same period last week was 68200 yuan/ton, and the current mainstream price is around 67000 yuan/ton. The overall market is stable and weak, with downstream restocking on demand and average demand. Upstream lithium carbonate is stable and weak, and the cost side of lithium iron phosphate is not strong. In the short term, lithium carbonate will maintain its previous trend, with manufacturers only supplying old customers and new customers not taking orders.
Chemical Commodity Index: On October 20th, the chemical index stood at 910 points, a decrease of 4 points from yesterday, a decrease of 35.00% from the cycle’s highest point of 1400 points (2021-10-23), and an increase of 52.17% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).
Analysts from Business Society believe that the lithium iron phosphate market will operate steadily and weakly in the short term.
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