1、 Price trend

According to commodity data monitoring, the price of yellow phosphorus in Yunnan and Guizhou decreased. The average price of yellow phosphorus was 39333.33 yuan / ton last Thursday and 36250 yuan / ton this Thursday. The price decreased by 7.84% during the week.

2、 Market analysis

Yellow phosphorus prices fell this week. The focus of the overall market is downward, and the manufacturer mainly sends early orders. The lower reaches are more resistant to the high price of yellow phosphorus, the transaction of new orders is limited, the wait-and-see mood is strong, the inquiry is general, the demand is just the main, and you can take it with you. Up to now, the mainstream quotation of yellow phosphorus is about 34000-36500 yuan / ton.

In terms of phosphate rock, as of March 10, 2022, the reference average price in the mainstream areas of 30% grade phosphate rock in China is around 726 yuan / ton. Compared with March 1 (the ex factory price of phosphate rock is 710 yuan / ton), the average price has increased by 16 yuan / ton, or 2.35%. As the traditional peak season is approaching, the demand for phosphate fertilizer and other fertilizers downstream of phosphate rock terminal will further increase, and the downstream demand support and supply side will continue to be tight. The phosphate ore data division of business society believes that in the short term, China’s domestic phosphate ore market will continue to be dominated by high-level and strong operation.

In terms of coke, on March 10, the coke market of Shandong Port operated stably, medium and strong, and the price rose slightly. At present, the ex warehouse price of mainstream spot exchange of quasi primary coke in the port is 3500-3550 yuan / ton, with little change in inventory. The inquiry in the port market is good, the market mentality is strengthened, and the mentality of reluctant to sell is strengthened. Hebei Xingtai coke market price, the mainstream price of quasi primary metallurgical coke is 3280 yuan / ton, 400 yuan / ton higher than last month. As for the market price of Baotou coke, the mainstream price of secondary metallurgical coke was 3100 yuan / ton, unchanged from the previous trading day and 400 yuan / ton higher than the same period last month. Ordos coke market price, the mainstream price of secondary metallurgical coke was 2960 yuan / ton, flat compared with the previous trading day, up 400 yuan / ton compared with the same period last month.

In terms of phosphoric acid, the market price of phosphoric acid rose first and then fell this week. At present, the price of raw materials has been lowered, the cost support has been gradually weakened, the downstream just needs to take goods, and the sporadic high-end prices have fallen. It is expected that the phosphoric acid will be weak in the short term.

3、 Future forecast

According to the yellow phosphorus analyst of the chemical branch of business society, the price of yellow phosphorus fell this week, the downstream was more resistant to the high price of yellow phosphorus, was cautious in receiving orders, and the overall market demand weakened. The price of upstream phosphate rock increased slightly, the coke market operated stably, moderately and strongly, and the cost support was acceptable. It is expected that the price of yellow phosphorus will be mainly weak in the short term, and the downward range is limited.