1、 Price trend
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According to commodity data monitoring, the market price of Yungui yellow phosphorus was slightly lowered this week. Last Thursday, the average price of yellow phosphorus was 30625 yuan/ton, while this Thursday’s average price was 30550 yuan/ton. During the week, the price was reduced by 0.24%.
2、 Market analysis
The market price of Yungui yellow phosphorus was slightly lowered this week. “The manufacturer issues multiple early stage orders, and most enterprises do not offer prices for the time being. Detailed discussions on actual orders will be conducted.”. At present, the supply and demand of yellow phosphorus market is still relatively stagnant, and overall, there are few transactions in the market, with prices slightly lowered. Up to now, the mainstream quotation is around 28200-32000 yuan/ton, and the actual transaction is negotiated on a single basis.
In terms of phosphate rock, according to data monitoring by Business News Agency, as of March 23, 2023, the reference average price of 30% grade phosphate rock in China was around 1102 yuan/ton, representing a 0.92% increase in price compared to 1092 yuan on March 16. At present, the trading atmosphere in the phosphate ore field is warm, the downstream demand side follows up well, and the mentality of the industry is well supported. The phosphorus ore data analyst of the business agency believes that in the short term, the domestic phosphorus ore market will mostly be high, stable, and consolidated, and the specific trend needs to pay more attention to the changes in information on the supply and demand side.
In terms of coke, the market price of coke in Shandong Port is temporarily stable, with the quasi first level ex-warehouse price of around 2620-2650 yuan/ton and the first level ex-warehouse price of 2720-2750 yuan/ton. The port market atmosphere is weak, with strong wait-and-see sentiment, weak intention to gather at the port, and slightly cold trading. On the 23rd, Xiaoyi arrived at Rizhao Port at 190 yuan/ton and Jiexiu arrived at Rizhao Port at 190 yuan/ton. The market atmosphere was on the wait-and-see side, the intention to gather at the port was on the low side, and the freight price was operating at a low level.
In terms of phosphoric acid, the market price of phosphoric acid was lowered this week. Last Thursday, the average price of phosphoric acid was 8216 yuan/ton, while this Thursday’s average price was 8150 yuan/ton. During the week, the price decreased slightly, with a range of 0.81%. This week, the market performance of phosphoric acid around the country was flat, and yellow phosphorus still maintained a small amount of on-demand procurement.
3、 Aftermarket Forecast
Yellow phosphorus analysts from the Chemical Branch of the Business Society believe that at present, the upstream phosphate rock price has improved, the coke market price has temporarily stabilized, and cost support is acceptable, with yellow phosphorus enterprises mainly relying on price increases. The downstream market is dominated by demand, and the supply and demand sides are deadlocked on the sidelines. Overall, there are fewer transactions in the market. It is expected that in the short term, the yellow phosphorus market will continue to maintain a stalemate trend, with limited adjustment space, and focus on changes in the news.
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