1、 Price trend

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.

According to the data monitored by the Business News Agency, on March 17th, the domestic carbon black market quoted 11500 yuan/ton, and this week the domestic carbon black market price remained stable.

Cost: This week, the overall operation of the domestic high-temperature coal tar market was weak, while downstream deep processing and carbon black enterprises were still operating at a loss. The market was affected by buying up and not buying down. Downstream enterprises were cautious in signing new orders, and the transaction atmosphere was light. The downstream market continues to hold down prices and there is a lot of negative sentiment in the market. Currently, the mainstream price of high-temperature coal tar in the market is 5000 yuan/ton, and it is expected that the coal tar market will continue to operate in a weak manner in the short term.

Supply and demand side: Currently, the operating rate of carbon black enterprises has decreased, and some factories and devices have been overhauled. Later, the market supply may decrease again. However, due to the weak price of raw materials, downstream enterprises are mostly bullish on the aftermarket of carbon black, resulting in weak supply and demand in the carbon black market,

In terms of downstream tire enterprises, the overall operating rate has increased, the demand for downstream tire and rubber industries has remained stable, the demand for terminal tire industries is weak, the enthusiasm of enterprises to take goods is moderate, and there is still resistance to the current carbon black price, and the trading atmosphere in the primary market for procurement is general.

Overall, the price of high-temperature coal tar as a raw material is weak, and the support for carbon black prices is weakened. Downstream enterprises mainly ship orders in the early stage, and the demand for carbon black has weakened. The market purchasing sentiment is not high. It is comprehensively expected that the carbon black market will operate stably and weakly in the short term.

According to the bulk list data of Business News Agency, as of March 21, the average price of domestic industrial grade lithium hydroxide enterprises was 386250.00 yuan/ton, a decrease of 6.08% compared to last Thursday (March 16).

Recently, the domestic industrial grade lithium hydroxide market continues to operate weakly. Recently, the price of upstream lithium carbonate has been falling constantly, and the support for cost has weakened. Under the mentality of downstream enterprises buying up or not, the market purchasing atmosphere is depressed, and there is a strong cautious wait-and-see attitude. Currently, the actual transaction in the market is not good, and the quotation in the lithium hydroxide market has declined.

Upstream lithium carbonate: According to data monitoring by Business News Agency, the recent downward trend in the prices of industrial and battery grade lithium carbonate has continued to expand. On March 20, the reference price for lithium carbonate – industrial grade was 292600.00, a decrease of 23.52% compared to March 1 (382600.00).

Lithium hydroxide analysts from Business News believe that upstream lithium carbonate is currently in a downturn, downstream demand is weak, and the market trading atmosphere is weak. It is expected that the lithium hydroxide market may continue to operate weakly in the short term.

1、 Price trend

According to data from Business News Agency, on March 13, the average market price of 55% powdered monoammonium phosphate in China was 3330 yuan/ton, and on March 20, the average market price of 55% powdered monoammonium phosphate in China was 3260 yuan/ton. This week, the market price of monoammonium phosphate fell by 2.10%.

According to data from the Business News Agency, on March 13th, the average market price of 64% diammonium phosphate in China was 3980 yuan/ton, and on March 20th, the average market price of 64% diammonium phosphate in China was 3980 yuan/ton. This week, the market price of diammonium phosphate was stable.

2、 Market analysis

The price of monoammonium phosphate was lowered this week. The price of raw sulfur fell, weakening cost support. Downstream demand is sluggish, with few new orders traded. As of March 20, the market quotation for 55 powdered ammonium in Hubei Province was about 3300 yuan/ton, the factory quotation for 55 powdered ammonium in Henan Province was about 3250 yuan/ton, and the market quotation for 55 powdered ammonium in Sichuan Province was about 3100-3400 yuan/ton, with actual negotiation being the main topic.

The price of diammonium phosphate was stable this week. The supply of ammonium chloride in the market is tight, and the price remains stable. Currently, there are many pending orders, and there is a small amount of replenishment downstream, resulting in flat demand. As of March 20, 64% of the diammonium chloride market in North China was quoted at around 3950-4050 yuan/ton, while 64% of the diammonium chloride market in Shandong was quoted at around 4000-4170 yuan/ton. The actual transaction was negotiated.

In terms of raw sulfur, sulfur prices in East China fell this week. The sulfur manufacturer’s units operate normally, the market supply is stable, and downstream demand is acceptable. Purchase and follow up on demand when entering the market. The sulfur manufacturer negotiates shipment, and the industry is on the sidelines. The short-term sulfur market operates smoothly.

In terms of raw phosphorus ore. This week, the overall domestic phosphorus ore market remained stable at a high level. The overall supply side of the phosphate rock field remains tight, and the supply side continues to support high market quotations. With the arrival of the spring plowing season, the downstream demand of the terminal continues to increase, and the downstream demand side of the phosphate rock performs steadily.

3、 Aftermarket Forecast

An ammonium phosphate analyst from the Business Agency believes that the recent reduction in the price of raw material sulfur has not been beneficial for the cost side. Demand for monoammonium is light, with fewer new orders, and pending orders for diammonium are dominated. It is expected that the weak finishing operation of ammonium phosphate will prevail in the short term.

Price trend

According to the bulk list data of the Business News Agency, the domestic PC market fell this week, with spot prices of various brands generally lowered. As of March 17, the reference offer for the PC sample enterprises of the Business Club was around 16250 yuan/ton, up and down by – 1.32% compared to the beginning of the month.

Cause analysis

In terms of raw materials: As can be seen from the above figure, the recent market atmosphere for bisphenol A has been flat, with the rise and fall of both raw materials phenol and acetone, and the cost pressure on downstream bisphenol A plants remains. However, the downstream end continues to suffer from a downturn and insufficient orders, making it difficult to anticipate improvement in the short term. The bisphenol A plant has a stable load, a capacity utilization rate of nearly 80%, and sufficient supply, resulting in an increase in supply and demand contradictions and poor support for PCs.

Supply: This week, the overall PC operating rate in China was around 70%, with a narrow increase compared to the previous period. In addition, there has been new production capacity to release the negative market, and recently, the construction of the maintenance production line has been delayed, with the expected load increase unchanged. Overall, the supply side lacks support for the spot goods.

Demand: Recently, the downstream PC industry just needs to maintain production, and the industry has a heavy wait-and-see mentality. Currently, the starting position of terminal enterprises is not high, and there is a certain amount of raw material inventory that needs to be digested, resulting in increasingly light on-site trading. Traders have a weak mentality and operate in a biased way to yield profits and take orders.

Aftermarket Forecast

This week, the PC market fell, while the upstream bisphenol A market stabilized slightly, providing poor support for PC costs. The domestic polymerization plant has experienced a narrow rise in load, with weak follow-up on the demand side and high pressure on the supply side. It is expected that the PC market will continue to weaken due to the impact of supply and demand contradictions in the near future.