1、 Price trend

According to the monitoring of the commodity market analysis system of the Business Society, the price center of the Yungui yellow phosphorus market this week is upward. Last Thursday, the average price of yellow phosphorus was 24100 yuan/ton, and this Thursday’s average price was 24400 yuan/ton. During the week, the price increased by 1.24%.

2、 Market analysis

This week, the price center of Yungui yellow phosphorus market is upward. At present, the overall market trading situation of yellow phosphorus is relatively active, with tight spot prices in the yellow phosphorus market. Manufacturers mainly place early orders, mainly at high prices, and there is not much inventory on the market. The focus of new order transaction prices is upward, and market confidence is good. Some manufacturers do not provide external quotations. As of now, the market quotation is around 24300-24500 yuan/ton, and the actual transaction is negotiated separately.

In terms of phosphate ore, the domestic phosphate ore market has temporarily stabilized this week. The reference average price of 30% grade phosphate ore in China is around 856 yuan/ton. At present, the overall phosphorus ore market has been operating at a weak and low level for a period of time. The industry in the phosphorus ore field is highly optimistic about rising prices. Although the terminal demand is average, the recovery of the downstream yellow phosphorus and phosphoric acid market still gives confidence to the industry. Therefore, the risk of a sustained downward trend in the phosphorus ore market is relatively small. The phosphorus ore data analyst from the Business Society believes that in the short term, the domestic phosphorus ore market will mostly remain stable and consolidate, The specific trend still needs to pay more attention to the changes in news on the supply and demand side.

In terms of coke, the market price of coke in Shandong Port is temporarily stable, with a quasi first level ex-warehouse price of around 2050-2100 yuan/ton and a first level ex-warehouse price of 2150-2200 yuan/ton. The port market is currently operating steadily, with little change in inventory between the two ports, weak intention of traders to gather at the port, and slightly cold trading at the port. In terms of freight, 195 yuan/ton from Xiaoyi to Rizhao Port on the 16th, and 185 yuan/ton from Jiexiu to Rizhao Port.

In terms of phosphoric acid, the market price of phosphoric acid has slightly decreased this week. Last Thursday, the average price of phosphoric acid was 6660 yuan/ton, while this Thursday’s average price was 6640 yuan/ton. During the week, the price decreased by 0.3%. This week, the price range of phosphoric acid in the phosphoric acid market fluctuated internally, with a slight decrease. The market’s demand side performance was flat, and there was a strong wait-and-see sentiment. It is expected that the phosphoric acid market price will continue to operate in a narrow range in the short term.

3、 Future Market Forecast

Yellow phosphorus analysts from the Chemical Branch of the Business Society believe that upstream phosphate rock prices are temporarily stable, coke prices are stable, and cost support is still acceptable. In the downstream glyphosate market, there are certain favorable factors for the demand for yellow phosphorus due to early stocking. In addition, the current shortage of spot goods in the yellow phosphorus market and acceptable order taking situation make it difficult to find low-priced sources due to manufacturers’ high prices. It is expected that in the short term, yellow phosphorus will mainly operate with a strong trend, and we will pay attention to changes in the news surface.