According to data monitored by Business Society, as of August 31st, the price of high-quality power type lithium iron phosphate was 80000 yuan/ton, a decrease of 15.34% compared to the same period last month. Currently, the mainstream price is around 80000 yuan/ton, with a price of 94500 yuan/ton in early August and 80000 yuan/ton at the end of August. The overall market supply and demand balance is limited, with limited new customer transactions and contract customers being the main customers.

In August, the price of lithium iron phosphate mainly experienced a narrow downward trend, with a slight decrease in price. At the beginning of August, the price was 94500 yuan/ton, and as of the end of August, the price was 80000 yuan/ton. Downstream restocking was on demand, and the willingness to stock up was average. Upstream lithium carbonate operated in a narrow range and was weak. Currently, the demand for lithium carbonate in the market is abundant and there is no price in the market. In the short term, lithium carbonate is weak and operating under pressure.

Commodity index: On August 29, the chemical index stood at 921 points, an increase of 4 points compared to yesterday, a decrease of 34.21% from the highest point in the cycle of 1400 points (2021-10-23), and an increase of 54.01% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present)

Analysts from Business Society believe that the lithium iron phosphate market will operate steadily and weakly in the short term.