According to the data monitored by the Business News Agency, as of March 27, the price of power type premium lithium iron phosphate was 110000 yuan/ton, a weak decline compared to the same period last week in the lithium iron phosphate market, with the overall price falling 9.09%. The mainstream price range is around 110000 yuan/ton, mainly for contract customers, and new orders are not received.

This week, lithium iron phosphate is mainly in weak operation, and the price has dropped significantly. Currently, the mainstream price is 110000 yuan/ton. The upstream lithium iron carbonate price is in weak operation, and the cost side of lithium iron phosphate lacks support. Downstream procurement is just needed, and the demand is insufficient. The focus of negotiation is flat, and the order is slow. The manufacturer’s supply source is only for old customers. Currently, the operating rate is normal, and the logistics is smooth. In the short term, lithium iron phosphate is in weak operation.

Chemical commodity index: On March 26, the chemical index stood at 910 points, unchanged from yesterday, down 35.00% from the cycle’s highest point of 1400 points (2021-10-23), and up 52.17% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 to now).

Analysts from the Business Society believe that the weak and stable operation of the lithium iron phosphate market is dominant in the short term.