1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the price of yellow phosphorus in the market has fluctuated this week. The average price of yellow phosphorus on Monday was 22726.67 yuan/ton, and on Thursday it was 22660 yuan/ton, with a price reduction of 0.29%.

2、 Market analysis

This week, the price of yellow phosphorus in the market fluctuated. At present, the trading situation in the yellow phosphorus market is still good, with manufacturers mainly issuing early orders and tight spot prices. Yellow phosphorus enterprises are mainly raising prices. The downstream inquiry situation is relatively positive, with high-end prices lowered and low-end prices adjusted. The overall procurement is still relatively cautious, and the upstream and downstream continue to remain deadlocked. As of now, the market quotation for yellow phosphorus is around 22500-23000 yuan/ton, and the actual transaction is negotiable.

In terms of phosphate ore, the market price of phosphate ore is temporarily stable this week. The reference average price of 30% grade phosphate ore in China is around 1048 yuan/ton. The inquiry atmosphere inside the phosphate ore field is mild, and the pace of phosphate ore shipments in some areas is clear. The mentality of the industry is good. The phosphate ore data analyst of the Business Society believes that in the short term, the domestic phosphate ore market will mainly operate in a stable and minor manner, and the specific trend still needs to pay more attention to changes in supply and demand news.

In terms of coke, the coke market has been operating weakly this week. After the first round of price hikes and reductions were implemented, the price of coking coal continued to fall, and the profits of coking enterprises are still acceptable. Currently, the construction is active, and the overall supply of coke is stable. Downstream demand for coke replenishment is maintained. The mainstream price of secondary metallurgical coke in Inner Mongolia’s Wuhai coke market is 1600 yuan/ton; The mainstream price of quasi first grade metallurgical coke is between 1650-1700 yuan/ton, and it is currently operating steadily.

In terms of phosphoric acid, the market price of phosphoric acid is rising. The average price of domestic hot process phosphoric acid market on Monday was 6570 yuan/ton, and on Thursday it was 6620 yuan/ton, with a price increase of 0.76%. The phosphoric acid analyst from Shengyishe believes that the current market for raw material yellow phosphorus is still good, and downstream purchases are made on demand, with phosphoric acid manufacturers and distributors mainly observing.

3、 Future Market Forecast

The yellow phosphorus analyst from the Chemical Branch of Business Society believes that the current trading situation on the yellow phosphorus market is still acceptable. The upstream phosphate ore market prices are temporarily stable, while downstream phosphate prices have slightly increased. The overall support for upstream and downstream is good. It is expected that the yellow phosphorus market will remain stable and operate steadily in the short term, with actual transactions being discussed on a single basis.