1、 Price trend
According to the monitoring of the commodity market analysis system of Business Society, the center of gravity of the yellow phosphorus market has slightly shifted this week. The average price of yellow phosphorus was 22760 yuan/ton last Thursday, and 22893.33 yuan/ton this Thursday, with a price increase of 0.59%.
2、 Market analysis
The focus of the yellow phosphorus market has slightly shifted upwards this week. The trading situation of yellow phosphorus on the market is average. Driving on site is relatively stable. Manufacturers are mainly holding up prices, while the yellow phosphorus market has rebounded and stopped falling. Downstream procurement is cautious, while upstream and downstream are relatively stagnant, with a focus on wait-and-see. Overall, the market situation for yellow phosphorus is average. As of now, the market price for yellow phosphorus is around 22700-23300 yuan/ton, and the actual transaction is negotiable.
In terms of phosphate ore, the phosphate ore market has been consolidating and operating within the range this week. As of March 21, 2023, the reference average price of 30% grade phosphate ore in China is around 1062 yuan/ton, which is the same as March 14. The phosphorus ore data analyst from Business Society believes that the trading atmosphere in the domestic phosphorus ore market is relatively light, and in the short term, the domestic phosphorus ore market is mainly stable with minor fluctuations.
In terms of coke, the coke market in Shandong ports is operating weakly, with a quasi first level outbound price of around 1930-1980 yuan/ton and a first level outbound price of 2030-2080 yuan/ton. After the sixth round of drop in the spot market, the port spot market is operating weakly, and traders have average intentions to gather at the port. The market trading atmosphere is light, and the inventory of the two ports fluctuates narrowly. On March 21st, it costs 165 yuan/ton from Xiaoyi to Rizhao Port, and 165 yuan/ton from Jiexiu to Rizhao Port.
In terms of phosphoric acid, the market price of phosphoric acid first fell and then rose, and overall, the price has slightly declined. The average price of domestic hot process phosphoric acid market was 6600 yuan/ton last Thursday, and 6580 yuan/ton this Thursday, with a price drop of 0.30%. According to the phosphoric acid analyst from Business Society, the current demand in the hot process phosphoric acid market is average, and the trading atmosphere in the market is light. The industry is mainly in a wait-and-see attitude.
3、 Future Market Forecast
The yellow phosphorus analyst from the Chemical Branch of the Business Society believes that the consolidation of upstream phosphate ore and weak operation of the coke market currently result in average cost support. The downstream phosphoric acid market prices have slightly declined. Overall, the trading volume in the yellow phosphorus market is average, while downstream markets are mostly wait-and-see. 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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