1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the price of yellow phosphorus in the domestic market has increased. Last Thursday, the average price of yellow phosphorus was 25960 yuan/ton, and this Thursday’s average price was 26493.33 yuan/ton. The price has increased by 2.05% during the week.

2、 Market analysis

The domestic yellow phosphorus market prices have risen this week. The overall market trading situation of yellow phosphorus is still good, and due to the impact of power rationing policies in Yunnan, yellow phosphorus enterprises in Yunnan have suspended their quotations. The yellow phosphorus market in Sichuan has shown an upward trend, with strong reluctance from enterprises to sell and prices rising. Downstream procurement is relatively cautious, with a wait-and-see attitude towards high priced sources. The purchasing enthusiasm is average, and the main focus is on just what is needed. As of now, the market quotation for yellow phosphorus is around 26300-27000 yuan/ton, and the actual transaction is negotiable.

In terms of phosphate ore, according to the monitoring of the commodity market analysis system of the Business Society, the overall domestic phosphate ore market showed an upward trend this week. Last Thursday, the average price of phosphorus ore was 1024 yuan/ton, while this Thursday’s average price was 1046 yuan/ton. During the week, the price increased by 2.15%. At present, the supply in the phosphate ore field is still tight, downstream demand is stable, supply and demand transmission is smooth, and the overall market price of 30% grade phosphate ore is once again approaching high levels. It is expected that in the short term, the domestic phosphorus ore market will mostly operate in a stable, medium to strong manner.

In terms of coke, according to the commodity market analysis system of the Business Society, the coke market in Shandong Port has slightly increased, with the quasi first level ex-warehouse price at around 2300-2350 yuan/ton and the first level ex-warehouse price at 2400-2450 yuan/ton. The atmosphere of the port market is acceptable, and the inventory of the two ports has slightly increased. The atmosphere of gathering at the port has improved compared to the previous period, and the market trading is slightly cold. The shipping cost remains temporarily stable, with 205 yuan/ton from Xiaoyi to Rizhao Port and 195 yuan/ton from Jiexiu to Rizhao Port as of the 9th.

In terms of phosphoric acid, according to the monitoring of the commodity market analysis system of the Business Society, the market price of phosphoric acid has slightly increased this week. At the beginning of the week, the average price of phosphoric acid was 7140 yuan/ton, and on the weekend, it was 7160 yuan/ton. During the week, the price increased by 0.28%. It is expected that the phosphoric acid market will remain stable in the short term, and we will be watching the trend of raw materials.

3、 Future Market Forecast

Yellow phosphorus analysts from the Chemical Branch of the Business Society believe that the current increase in upstream phosphate rock prices and a slight increase in the coke market provide strong cost support. Downstream demand is average, with primary demand being rigid and relatively resistant to high priced yellow phosphorus. Overall, it is expected that the yellow phosphorus market will remain stagnant and operate in the short term, with attention to changes in the news.