According to the analysis system of the commodity market of Shengyishe, as of December 21st, the average price of high-quality power grade lithium iron phosphate is 49000 yuan/ton. The price of lithium iron phosphate is mainly weak, with a 2% decrease compared to the same period last week. The upstream continues to decline, and downstream demand is insufficient. The upward trend of lithium iron phosphate is not significant, with a 14.63% decrease compared to the same period last month.

Recently, the price of lithium iron phosphate has experienced a wide decline, with prices continuing to operate at a low level, dropping by 2% in a week. Downstream demand is insufficient, inventory is running at a high level, manufacturers are operating under pressure, and overall market consumption is slow. A pessimistic attitude is evident, with downstream restocking mainly based on demand, mainly supplying contract customers, overcapacity, and a strong wait-and-see atmosphere in the lithium battery market.

On December 20th, the chemical index was 875 points, unchanged from yesterday, a decrease of 37.50% from the highest point in the cycle of 1400 points (2021-10-23), and an increase of 46.32% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).

Business Society’s lithium iron phosphate analyst believes that in the short term, lithium iron phosphate will maintain a weak operation and continue to monitor upstream trends.