1、 Price trend
According to the monitoring of the Commodity Market Analysis System of the Business Society, the market price of yellow phosphorus in Yungui decreased this week. The average price of yellow phosphorus at the beginning of the week was 26400 yuan/ton, and the average price at the weekend was 25933.33 yuan/ton. The price decreased during the week by 1.54%.
2、 Market analysis
This week, the market price of Yungui yellow phosphorus was lowered. The overall market trading situation of yellow phosphorus is average, and downstream purchases are priced at a low price, which is relatively resistant to high-end prices. The focus of market transactions has shifted downwards. Upstream phosphate rock prices have risen, putting pressure on costs, and there is little likelihood that manufacturers will continue to offer profits. At present, in the upstream and downstream markets, many manufacturers are selling at high prices and not buying at low prices. There are many downstream inquiries, and the actual order is cautious and hesitant, mainly on demand. As of now, the market quotation for yellow phosphorus is around 26000 yuan/ton, and the actual transaction is subject to negotiation.
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 938 yuan/ton, while at the weekend, the average price was 962 yuan/ton. During the week, the price increased by 2.56%. At present, the overall trading atmosphere in the phosphorus ore market is mild, and the rebound in downstream demand has boosted market confidence. The phosphorus ore data analyst at the Business Society believes that in the short term, the domestic phosphorus ore market will mostly operate stronger, 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 outbound price of around 2150-2200 yuan/ton and a first level outbound price of 2250-2300 yuan/ton. The port market is currently operating steadily, with a slight increase in inventory between the two ports and a slight improvement in trading atmosphere. In terms of shipping cost, it will be 190 yuan/ton from Xiaoyi to Rizhao Port on the 11th, 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 7060 yuan/ton, while at the weekend, the average price was 7120 yuan/ton. During the week, the price increased by 0.85%. It is expected that in the near future, the price of phosphoric acid will remain stable and wait-and-see oriented.
3、 Future Market Forecast
Yellow phosphorus analysts from the Chemical Branch of the Business Society believe that the current increase in upstream phosphate rock prices and the stabilization of coke prices are putting pressure on costs. Downstream enterprises are more wait-and-see and cautious in actual orders. The upstream and downstream games have resulted in a relatively stagnant market. It is expected that the yellow phosphorus market will temporarily stabilize its consolidation and operation in the short term, and we will pay attention to changes in the news.