According to the data monitored by the business community, as of October 28, the average price of domestic power premium lithium iron phosphate was 165000.00 yuan/ton. In October, the market price of lithium iron phosphate rose by 6.45%, slightly higher than the price in the same period last month. The price of lithium iron phosphate is stable and strong. At present, the focus of the market negotiation is stable, the operating rate is normal, the downstream just needs to purchase, the main contract customers, and the number of new orders is limited, In the short term, the price is mainly stable.

In the first ten days of October, the price of lithium iron phosphate, an excellent power product, was 160000 yuan/ton. The price of lithium iron phosphate was mainly stable, and the price range remained at 155000-160000 yuan/ton. The upstream lithium carbonate: as of October 13, the average price of industrial lithium carbonate in East China was 521000 yuan/ton, up 3.95% compared with the average price at the beginning of the week (October 9, the average price of industrial lithium carbonate in East China was 501200 yuan/ton). Stable operation is the main factor. The industrial grade is 505000 yuan/ton, and the battery grade is 530000 yuan/ton. With the arrival of the fourth quarter, there is a strong bullish atmosphere. In late October, as of October 24, the price of lithium iron phosphate, a superior power product, is 160000 yuan/ton. The price of lithium iron phosphate remains stable, and the mainstream price range is 155000-160000 yuan/ton.

Chemical index: On October 27, the chemical index was 966 points, down 5 points from yesterday, down 31.00% from the cycle’s highest point of 1400 points (2021-10-23), and up 61.54% from the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

According to the analysts of LiFePO4 from the business community, the LiFePO4 market is expected to operate stably in November.