According to data monitored by Business Society, as of October 19th, the price of high-quality power type lithium iron phosphate was 68400 yuan/ton, a slight increase of 0.29% compared to the same period last week. Currently, the mainstream price is around 68000 yuan/ton, mainly for contract customers, and new orders are not accepted.

This week, the stable operation of lithium iron phosphate is the main focus, with a price of 68000 yuan/ton for the same period last week. Currently, the mainstream price is around 68000 yuan/ton, and the overall market is mainly stable. Downstream restocking is needed, while upstream lithium carbonate is stable and strong. There is some support for the cost side of lithium iron phosphate. In the short term, lithium carbonate will maintain its previous trend, and manufacturers will only supply old customers with goods, while new customers will not take orders.

Chemical Commodity Index: On October 18th, the chemical index stood at 919 points, a decrease of 2 points from yesterday, a decrease of 34.36% from the highest point in the cycle of 1400 points (2021-10-23), and an increase of 53.68% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Analysts from Business Society believe that in the short term, the lithium iron phosphate market is operating steadily with a stronger trend.