1、 Price trend

According to the monitoring of the commodity market analysis system of the Business Society, the price of Yungui yellow phosphorus market remained stable and increased this week. The average price of yellow phosphorus at the beginning of the week was 26293 yuan/ton, and the average price at the weekend was 26400 yuan/ton. The price increased by 0.41% during the week.

2、 Market analysis

This week, the market price of Yungui yellow phosphorus remained stable and slightly increased. The overall trading and investment situation of yellow phosphorus market is relatively good. The price of upstream phosphate rock rises, and the cost support is awesome. At present, manufacturers mainly place early orders, with high prices as the main focus, and there is not much inventory on site. Some manufacturers do not provide external quotations for the time being. As of now, the market quotation is around 26300-26500 yuan/ton, and the actual transaction is negotiated separately.

In terms of phosphate ore, the domestic phosphate ore market has been on the rise this week. At the beginning of the week, the average price of phosphate rock was 876 yuan/ton, while at the weekend, the average price was 912 yuan/ton. During the week, the price increased by 4.11%. At present, the overall atmosphere of the phosphorus ore market is moderate, with some recovery. The overall supply side is relatively tight, providing some support to the market. The recovery of stable downstream demand has boosted market confidence. The phosphorus ore data analyst of the Business Society believes that in the short term, the domestic phosphorus ore market will mostly operate in a stable, medium to strong manner, and the specific trend still needs to pay more attention to changes in supply and demand news.

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 2150-2200 yuan/ton and a first level ex-warehouse price of 2250-2300 yuan/ton. The port market is currently operating steadily, with inventory in the two ports slightly increasing and port consolidation slightly improving. However, the actual trading volume in the spot market is relatively low. In terms of shipping cost, it is 190 yuan/ton from Xiaoyi to Rizhao Port on the 8th, and 180 yuan/ton from Jiexiu to Rizhao Port.

In terms of phosphoric acid, the market price of phosphoric acid has increased this week. At the beginning of the week, the average price of phosphoric acid was 6941.67 yuan/ton, and at the weekend, it was 7040 yuan/ton. During the week, the price increased by 1.42%. It is expected that the phosphoric acid market will improve in the short term and wait for the trend of raw materials.

3、 Future Market Forecast

Yellow phosphorus analysts from the Chemical Branch of the Business Community believe that the current upstream phosphate rock price rise, coke price stability, and cost support awesome. Next week will be a critical period for pre holiday stocking, and downstream enterprises may increase demand. Under the combination of positive and negative factors, it is expected that the yellow phosphorus will be mainly strong in the short term, and we will pay attention to changes in the news.