The market price of lithium iron phosphate fell in November

According to data monitored by Business Society, as of November 30th, the price of high-quality power grade lithium iron phosphate was 52000 yuan/ton. Overall, lithium iron phosphate showed a broad downward trend in December. Currently, the mainstream price is around 52000 yuan/ton, with a price of 63600 yuan/ton in early November and 52000 yuan/ton at the end of November. The overall market supply and demand are balanced, with limited new customer transactions and mainly contract customers.


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In November, the price of lithium iron phosphate mainly experienced a narrow decline, with a downward trend. Overall, the price fell by 15.34% in November, with a drop of 12000 yuan/ton. Currently, downstream restocking is on demand, with poor demand and average stocking willingness. Upstream lithium carbonate experienced a significant decline in November, with limited cost support, sufficient supply, and slow shipment. The overall market is under pressure.


Commodity index: On November 29th, the chemical index was 869 points, a decrease of 1 point from yesterday, a decrease of 37.93% from the highest point in the cycle of 1400 points (2021-10-23), and an increase of 45.32% 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 in the short term, the market for lithium iron phosphate is mainly weak, with insufficient support on the cost side, poor downstream demand, and insufficient upward momentum.

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