According to data monitored by Business Society, as of April 23, the price of high-quality power type lithium iron phosphate was 76000 yuan/ton. Compared to the same period last week, the lithium iron phosphate market was mainly operating smoothly, and the overall price remained stable. The mainstream price range was around 76000 yuan/ton, mainly for contract customers, and new orders were not accepted.

Lithium iron phosphate is mainly operated in a weak and stable manner, with a current mainstream price of 76000 yuan/ton. The price trend of upstream lithium carbonate is weak, and there is a lack of support for the cost side of lithium iron phosphate. Downstream procurement is just needed, and there is insufficient demand. The focus of negotiations is flat, and the order is slow. Manufacturers only supply old customers with goods. Currently, the operating rate is normal, and logistics are smooth. Lithium iron phosphate is operating in a weak position in the short term.

Chemical Commodity Index: On April 22, the chemical index stood at 907 points, unchanged from yesterday, a decrease of 35.21% from the cycle’s highest point of 1400 points (2021-10-23), and an increase of 51.67% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Analysts from Business Society believe that the stable operation of the lithium iron phosphate market is the main focus in the short term.