According to the analysis system of the commodity market of Shengyishe, as of December 11th, the average price of high-quality power grade lithium iron phosphate is 50800 yuan/ton. The price of lithium iron phosphate is mainly weak, with continuous decline in the upstream and insufficient demand in the downstream. The upward trend of lithium iron phosphate is not significant, with a price drop of 1.93% compared to the same period last week and a price drop of 16.99% 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 1.93% 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. With a pessimistic attitude, downstream restocking is mainly based on demand, mainly supplying contract customers, and overcapacity, the lithium battery market has a strong wait-and-see atmosphere.

The upstream lithium carbonate price has remained low, and in December, the price of lithium carbonate has been in a continuous downward trend. Lithium carbonate futures prices have also fallen deeply for several consecutive days, with the highest daily decline reaching 7%. In terms of supply, after the large salt lake factory released goods last week, the market has a relatively sufficient supply of spot goods. In addition, Zhili’s exports to domestic lithium carbonate in October have recently arrived in Hong Kong one after another. Although most of this lithium carbonate is reserved for long-term orders, it will still bring an increase in market supply in the short term.

The analyst of Shengyishe Lithium Iron Phosphate believes that in the short term, lithium iron phosphate will maintain a weak operation, and the upward trend is not significant.