1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyishe, the domestic yellow phosphorus market has slightly improved. The average price of yellow phosphorus was 23929.33 yuan/ton last Tuesday, and 24000 yuan/ton this Tuesday, with a price increase of 0.3%.
2、 Market analysis
The domestic yellow phosphorus market is slightly upward, and the overall market trading situation is light. As the Spring Festival holiday approaches, downstream distributors and manufacturers have basically completed their procurement. The market trading has basically stagnated, and yellow phosphorus is in a state of price but no market. The manufacturer is operating at a reasonable price. As of now, the market quotation for yellow phosphorus is around 24000 yuan/ton, and the actual transaction is negotiable.
In terms of phosphate ore, according to data monitoring from Business Society, the domestic phosphate ore market has remained stable this week, with an average price of 1056 yuan/ton. The footsteps of the Spring Festival are getting closer and closer, and logistics and transportation have also been suspended one after another. Downstream factories are also starting to operate at a reduced rate or enter the holiday season. According to the phosphorus ore data analyst from Business Society, in the short term, the domestic phosphorus ore market will mainly operate in a mild and quiet manner, with limited fluctuations in the market.
In terms of coke, according to the analysis of the commodity market by Business Society, the coke market in Shandong Port has slightly declined. The quasi first level outbound price of the port is around 2230-2270 yuan/ton, and the first level outbound price is 2330-2370 yuan/ton. The port market is operating weakly, and the trading atmosphere in the market is relatively quiet near the holiday. The market atmosphere is more wait-and-see, and actual transactions are limited. On the 5th, it costs 210 yuan/ton from Xiaoyi to Rizhao Port, and 190 yuan/ton from Jiexiu to Rizhao Port.
In terms of phosphoric acid, according to the monitoring of the commodity market analysis system of Business Society, the market price of phosphoric acid has decreased. The average price of domestic thermal phosphoric acid market on Tuesday this week was 6410 yuan/ton, a decrease of 0.3% compared to last Tuesday’s price. The demand for pre holiday stocking is nearing its end, some factories are shutting down, market supply is decreasing, and transactions in the phosphoric acid market are limited.
3、 Future Market Forecast
The yellow phosphorus analyst from the Chemical Branch of Business Society believes that the upstream phosphate ore market is currently stable, the overall coke market is weak, and cost support is average. The downstream market has basically stagnated. 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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