According to the data monitored by the business community, as of July 25, the price of Lithium iron phosphate, a premium power product, was 94500 yuan/ton, down 0.53% from the same period last week. At present, the mainstream price is around 94000 yuan/ton. Customers of the main supply contract will not accept new orders.

This week, Lithium iron phosphate is mainly stable. The price at the beginning of the week is 95000 yuan/ton. At present, the mainstream price is about 94000 yuan/ton. Downstream Lithium carbonate is replenished on demand. Upstream Lithium iron phosphate is stable and strong, and the cost side of Lithium carbonate is certain support. In the short term, lithium iron phosphate will maintain its early trend. The manufacturer’s supply is only for old customers, and new customers will not take orders.

Chemical Commodity Index: On July 24th, the chemical index stood at 828 points, an increase of 2 points compared to yesterday, a decrease of 40.86% from the highest point in the cycle of 1400 points (2021-10-23), and an increase of 38.46% 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 of Lithium iron phosphate from the business agency believe that the Lithium iron phosphate market will operate stably, moderately and strongly in the short term.