Demand weakened, and phosphoric acid slightly adjusted before the holiday (1.9-1.13)

1、 Price trend

 

Thiourea

According to the data of the Business News Agency, as of January 13, the average market price of 85% thermal phosphoric acid in China was 8966 yuan/ton, which was 0.92% lower than the average price of 9050 yuan/ton on January 9.

 

According to the data of the Business News Agency, as of January 13, the average market price of 85% wet-process phosphoric acid in China was 9083 yuan/ton, which was stable this week compared with the average price of 9083 yuan/ton on January 9.

 

2、 Market analysis

 

Mainstream market:

 

As of January 13, the ex-factory price of 85% thermal phosphoric acid in Sichuan is about 8650-9000 yuan/ton, the ex-factory price of 85% thermal phosphoric acid in Yunnan is about 9200 yuan/ton, and the ex-factory price of 85% thermal phosphoric acid in Hubei is about 9300 yuan/ton. The domestic market price of 85% wet-process phosphoric acid is about 8250-9500 yuan/ton.

 

Cost side:

 

In terms of raw material yellow phosphorus, the market price of Yunnan-Guizhou yellow phosphorus was slightly reduced this week. As the Spring Festival approaches, the preparation of the yellow phosphorus market before the festival is basically completed. Many downstream and traders have started to take holidays. There are shutdown plans during the Spring Festival, and there is no purchase plan for yellow phosphorus in the short term. At present, the yellow phosphorus market is light, with cautious delivery and more wait-and-see. The market after the Spring Festival. Up to now, the price of yellow phosphorus is about 32000-33500 yuan/ton.

 

In terms of raw phosphorus ore, the domestic phosphorus ore market as a whole remained stable at a high level. As the Spring Festival approaches, the overall news of the domestic phosphate ore market is calm, the price of phosphate ore has not fluctuated significantly, and the overall market is in high consolidation. Mining enterprises in some regions of the country have stopped mining, mainly receiving pre-orders after the Spring Festival, and the stock preparation in the downstream before the Spring Festival has basically ended. The overall trading atmosphere in the market is quiet and mild.

 

Demand side:

 

Downstream demand for phosphoric acid was weak this week, and some downstream enterprises have stopped work for holidays, and terminal procurement has decreased. The phosphoric acid market is stagnant, and the industry is mainly wait-and-see.

 

3、 Aftermarket forecast

 

Phosphoric acid analysts of the Business Society believe that the price of raw material yellow phosphorus has been slightly reduced recently, and the support of the cost side has weakened. Before the festival, the demand for phosphoric acid terminals weakened, and the number of new units on the site was relatively small. It is expected that the price of phosphoric acid will be mainly stabilized and operated in the short term, and there will be no major changes before the holiday.

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