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 was 22660 yuan/ton last Thursday, and 23060 yuan/ton this Thursday, with a price increase of 1.77%.
2、 Market analysis
The market price of yellow phosphorus has increased this week. At present, the trading situation in the yellow phosphorus field is good, and downstream procurement is more active. The new orders from manufacturers are doing well, and most downstream are preparing for the May Day holiday. Overall, the yellow phosphorus market is relatively active, with some factories experiencing tight spot prices. As of now, the market quotation for yellow phosphorus is around 23000-23200 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 11th, the reference average price of 30% grade phosphate ore in China is around 1062 yuan/ton, which is the same as April 4th. The phosphorus ore data analyst from Business Society believes that the overall performance of the downstream demand side of phosphorus ore is average, with downstream users mainly focusing on rigid procurement. The market’s new orders are relatively cautious, and there is a certain wait-and-see sentiment in the market.
In terms of coke, the coke market in Shandong ports has been operating weakly this week, with a quasi first level outbound price of around 1770-1800 yuan/ton and a first level outbound price of 1870-1900 yuan/ton. The spot market in ports has been operating weakly, and the market atmosphere has slightly improved. The wait-and-see sentiment is strong, and trading is light.
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 has increased, and the phosphoric acid market is operating steadily and steadily.
3、 Future Market Forecast
The yellow phosphorus analyst from the Chemical Branch of Business Society believes that the current downstream stocking situation is relatively positive, with tight spot prices on the market and good confidence in the yellow phosphorus market. It is expected that the yellow phosphorus market will continue to operate strongly in the short term, and actual transactions will be discussed.
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