According to the analysis system of the commodity market of Business Society, as of December 1st, the average price of high-quality power type lithium iron phosphate was 51900 yuan/ton. This week, the price of lithium iron phosphate was weak, with a 4.6% decrease compared to the same period last week and an 18.4% decrease compared to the same period last month.
This week, the price of lithium iron phosphate has experienced a broad decline, with prices continuing to operate at a low level, dropping 4.6% in a week. Downstream demand is insufficient, inventory is running at a high level, and manufacturers are operating under pressure. There is a strong wait-and-see atmosphere, and overall market consumption is slow. Downstream demand replenishment is the main trend. The lithium battery market has a pessimistic attitude and a bearish atmosphere.
The price of upstream lithium carbonate remains low, with a main decline in price. Supply and demand pressure still exists, a decrease of 22.49% compared to the average price of 159200 yuan/ton on November 1st. On November 30th, the average domestic mixed price of battery grade lithium carbonate was 134000 yuan/ton, a decrease of 21.08% compared to the average price of 169800 yuan/ton on November 1st. The willingness to purchase lithium carbonate in the market is not high, and the transaction atmosphere is difficult to improve.
Analysts from Shengyishe Lithium Iron Phosphate believe that the upstream lithium carbonate market has limited upward potential and insufficient upward momentum. The downstream automotive market demand is weak, and there is a strong wait-and-see atmosphere. The overall market of lithium iron phosphate is operating under pressure, maintaining a stable, moderate, and weak trend.