According to the data monitored by the Business News Agency, as of February 28, the price of lithium iron phosphate, a high-quality power product, was 145000 yuan/ton. In February, the lithium iron phosphate market declined in a narrow range. The overall decline in February was 2.97%. The mainstream price range was around 145000 yuan/ton. It was mainly for contract customers, and new orders were not received.

In February, lithium iron phosphate went down in a narrow range, with a weak trend. The price at the beginning of the month was 151000 yuan/ton, and the price at the end of the month was 145000 yuan/ton. At present, the mainstream price is 145000 yuan/ton. The downstream just needs to purchase, and it will maintain stable operation in the short term. The manufacturer’s supply is only for old customers, and new customers do not receive orders.

Chemical commodity index: On February 27, the chemical index was 917 points, up 2 points from yesterday, down 34.50% from the highest point of 1400 points in the cycle (2021-10-23), and up 53.34% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to 2011-12-01 to now).

Analyst of LiFePO4 from the Business Club believes that the market of LiFePO4 will operate stably in the short term and the price fluctuation will be limited.