1、 Price trend
According to the monitoring of the commodity market analysis system of Business Society, the yellow phosphorus market has slightly increased this week. The average price of yellow phosphorus on Monday was 22660 yuan/ton, and on Sunday it was 22693.33 yuan/ton, with a price increase of 0.15%.
2、 Market analysis
The yellow phosphorus market has slightly increased this week. At present, the trading situation in the yellow phosphorus market is average. Yellow phosphorus manufacturers have a low intention to accept orders at low prices, with manufacturers mainly offering high prices. Downstream procurement is cautious, with demand being the main focus. Take as much as you need and wait and see. Overall, the market situation for yellow phosphorus is average. As of now, the market quotation for yellow phosphorus is around 22600-22800 yuan/ton, and the actual transaction is negotiable.
In terms of phosphate ore, the phosphate ore market has temporarily stabilized and operated steadily this week. As of April 7th, the reference average price of 30% grade phosphate ore in China is around 1062 yuan/ton, which is the same as April 1st. The phosphorus ore data analyst from Business Society believes that the overall trading volume of the domestic phosphorus ore market is light and moderate, with a slight adjustment in the domestic phosphorus ore market range in the short term as the main focus.
In terms of coke, the market price of coke has remained stable this week, with an average price of 1753.33 yuan/ton for quasi first-class metallurgical coke in Shanxi region. The coke market continues to operate weakly, with coke companies currently continuing to suffer losses, with significant production restrictions, and difficulty in increasing operating rates in the short term, resulting in weak coke supply. The performance of the finished product market in terms of demand is still weak.
In terms of phosphoric acid, the market price of phosphoric acid is temporarily stable, organizing and operating. The average price of domestic thermal phosphoric acid market this week is 6540 yuan/ton. The phosphoric acid analyst from Shengyishe believes that there is currently a shortage of new orders in the market, and the trading atmosphere is cold. The price of raw material yellow phosphorus is stabilizing, and the phosphoric acid market is mainly wait-and-see.
3、 Future Market Forecast
The yellow phosphorus analyst from the Chemical Branch of Business Society believes that the upstream phosphate ore and coke markets are currently operating steadily, with average cost support. The downstream phosphoric acid market prices remain stable. Overall, the upstream and downstream markets are mostly in a wait-and-see trend, with cautious trading of new orders. It is expected that in the short term, the yellow phosphorus market will temporarily stabilize and operate, and actual transactions will be discussed on a single basis.
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