According to data monitored by Business Society, as of December 29th, the price of high-quality power grade lithium iron phosphate was 46000 yuan/ton. Overall, lithium iron phosphate showed a broad downward trend in December, with the mainstream price currently around 46000 yuan/ton. The price in early December was 52000 yuan/ton, and the price at the end of December was 46000 yuan/ton. The price for the entire month of December decreased by 11.54%. The dual pressure of cost and demand has put pressure on lithium iron phosphate to move forward.
In December, the price of lithium iron phosphate mainly experienced a narrow decline, with an overall price drop of 15.34% in November, reaching 12000 yuan/ton. Currently, lithium iron phosphate is showing a continuous downward trend, mainly influenced by upstream lithium carbonate, passively following the decline. Upstream lithium carbonate is experiencing a cliff like decline. Lithium iron phosphate is under tremendous cost pressure, with almost no support on the cost side. Currently, downstream demand has not met expectations, and demand is clearly insufficient. Manufacturers continue to lower prices, Significant decline, continuous decrease in enterprise operating load, difficulty in improving industry demand, and low market sentiment.
Commodity index: On December 28th, the chemical index was 879 points, unchanged from yesterday, a decrease of 37.21% from the highest point in the cycle of 1400 points (2021-10-23), and an increase of 46.99% 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 the market for lithium iron phosphate is mainly in a downward trend, with upstream lithium carbonate continuing to decline. There is insufficient support for cost side benefits, and downstream demand is weak, making it difficult for lithium iron phosphate to have a turning point in the short term.
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