According to the commodity market analysis system of the Business Society, as of November 16th, the average price of high-quality power type lithium iron phosphate was 59400 yuan/ton. Recently, the price of lithium iron phosphate has continued to decline, with a decrease of 2.94% compared to the same period last week and a decrease of 1.66% compared to the beginning of this week.

Lithium iron phosphate has been mainly operating in a weak position in recent times, with prices continuing to be low. Downstream market demand is not growing as fast as production capacity, and supply market sentiment is low. There is a strong wait-and-see atmosphere. Currently, enterprise inventory is high, and overall market consumption is slow. Downstream restocking is mainly based on demand, and the lithium battery market is operating under comprehensive pressure.

Upstream lithium carbonate prices continue to be low, futures prices continue to decline, supply and demand pressure still exists, operating rates are high, inventory increases, downstream demand is insufficient, purchasing willingness is not high, supply and demand game, pressure downward trend.

Analysts from Business Society’s lithium iron phosphate believe that upstream lithium carbonate is operating under pressure, with prices continuing to be low and a significant decline. The cost side support is insufficient, and in terms of demand, downstream enterprises have a weak willingness to stock and mainly purchase according to demand. The transaction atmosphere is cold, and many hold a wait-and-see attitude. In the short term, the focus of negotiations is low, making it difficult to boost prices.