1、 Price trend

According to the monitoring of the commodity market analysis system of the business community, the price of Yunnan Guizhou yellow phosphorus market was lowered this week. Last Thursday, the average price of yellow phosphorus was 24000 yuan/ton, while this Thursday’s average price was 20000 yuan/ton. During the week, the price was significantly reduced by 16.67%.

2、 Market analysis

The price of Yunnan Guizhou yellow phosphorus market fell this week. At present, the overall market trading situation of yellow phosphorus is poor, and the demand on the market continues to be weak. The inventory on site is under pressure, and some enterprises are stopping for maintenance to alleviate the pressure. The manufacturer will not provide a quotation to the public for the time being, and will discuss the actual order in detail. Downstream procurement is more cautious, with lower prices and a downward focus on the transaction price of new orders. As of now, the mainstream quotation is around 20000 yuan/ton, and the actual transaction is negotiable.

In terms of phosphate ore, as of May 11, 2023, the reference average price of 30% grade phosphate ore in China is around 1066 yuan/ton; Compared to May 4, 2023 (reference price of phosphate rock is 1090 yuan/ton), the price has decreased by 2.2%. The overall situation of the domestic phosphorus ore market is weak and moving downwards. The downstream yellow phosphorus industry chain and terminal demand are average, and the overall downstream construction is relatively low. The demand for raw materials has weakened, and the support for phosphorus ore is loose. There is a certain wait-and-see sentiment in the market, and the pace of shipment in some regions has slowed down. According to the phosphorus ore data analyst of the Business Society, in the short term, the domestic phosphorus ore market is mainly weak and the operation is mainly adjusted in a narrow range, The specific trend still needs to pay more attention to the changes in news on the supply and demand side.

In terms of coke, according to the commodity market analysis system of the business community, the price of coke in the market will be lowered this week. Last Thursday, the average price of coke was 2086 yuan/ton, while this Thursday’s average price was 1896 yuan/ton. During the week, the price was significantly reduced by 9.11%. Some regions have started the seventh round of lifting and lowering, with this round of lifting and lowering by 100 yuan/ton. Coking enterprises have recently experienced a slight decline in construction, but overall they are still relatively high. The overall inventory in the factory is high, and downstream procurement is still in urgent need. Currently, the coke market is operating in a weak trend.

As for phosphoric acid, the market price of phosphoric acid dropped sharply this week. Last Thursday, the average price of phosphoric acid was 6920 yuan/ton, while this Thursday’s average price was 6550 yuan/ton. During the week, the price decreased by 5.35%. At present, the demand for phosphoric acid in the market is sluggish and the market is weak. The trend of raw phosphorus ore and yellow phosphorus is poor, and the phosphoric acid market is operating weakly. Downstream demand is weak, and the mentality of buying up instead of buying down has increased.

3、 Future Market Forecast

Yellow phosphorus analysts from the Chemical Branch of the Business Society believe that currently, upstream phosphate rock prices are weak and downward, and the market for coke prices is weak, resulting in weak cost support. The downstream phosphoric acid market has significantly decreased, and the wait-and-see atmosphere is obvious. Overall, the supply and demand of the yellow phosphorus market are weak, and the atmosphere is relatively empty. It is expected that yellow phosphorus will continue to be weak in the short term, and pay attention to changes in the news.