According to data monitored by Business Society, as of January 31st, the price of high-quality power grade lithium iron phosphate was 43000 yuan/ton. Overall, lithium iron phosphate showed a broad downward trend in January, with the mainstream price currently around 43000 yuan/ton. The price in early January was 46000 yuan/ton, and the price at the end of January was 43000 yuan/ton. The price decreased by 6.52% for the entire month of January, putting pressure on both cost and demand. Lithium iron phosphate is moving forward under pressure.

In January, the price of lithium iron phosphate mainly experienced a narrow decline, with an overall price drop of 6.52%, reaching 3000 yuan/ton. Currently, lithium iron phosphate is showing a continuous downward trend, mainly influenced by upstream lithium carbonate, passively following the decline. Upstream lithium carbonate is experiencing a cliff like decline, and lithium iron phosphate faces enormous cost pressure. The cost side is almost unsupported, and downstream demand is significantly insufficient. The demand for power vehicles is slowing down, and the demand is insufficient. Coupled with cost pressure, lithium iron phosphate manufacturers continue to lower prices, resulting in a significant decline. The operating load of enterprises continues to decrease, making it difficult for industry demand to improve and market sentiment is low.

Commodity index: On February 1st, the chemical index was 866 points, a decrease of 1 point from yesterday, a decrease of 38.14% from the highest point in the cycle of 1400 points (2021-10-23), and an increase of 44.82% 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 the market for lithium iron phosphate is mainly in a downward trend, and it is difficult for lithium iron phosphate to have a turning point in the short term.