1、 Price trend

According to the bulk data list of business agency, the average price of domestic phosphoric acid on June 5 was 5133.33 yuan / ton, slightly lower than the price of 5200 yuan / ton at the beginning of the week, down 1.28% in the week, up 12.82% compared with the same period last year

2、 Market analysis

This week, the price of phosphoric acid fell slightly, mainly due to the reduction of yellow phosphorus at the raw material end, the weakening of the support at the cost end, and the increase of the price elasticity space of phosphoric acid enterprises, which led to the price reduction. This week, domestic demand was stable, but in the early stage, due to the increase of raw materials, the price of phosphoric acid rose, the terminal receiving capacity was limited, the purchase was cautious, and the volume of transactions was not large. According to the monitoring of business association, as of June 5, the average market price of 85% industrial purified water phosphoric acid is about 5133.33 yuan / ton, the price in Sichuan is about 5000 yuan / ton – 5300 yuan / ton, the price in Guangxi is about 4800 yuan / ton, the price in Yunnan is about 5200 yuan / ton, the price in Beijing is about 5100 yuan / ton, the price in Tianjin is about 5700 yuan / ton, the price in Hubei is about 5000 yuan / ton – 53 yuan / ton About 00 yuan / ton.

In terms of upstream and raw phosphorus ore, Guizhou’s supply in the field is basically stable, and there are few new orders in the downstream, and the shipment volume is average. At present, 30% of the phosphate rock car plate in Guizhou is priced around 310-360 yuan / ton, and the actual transaction can be explored in a small scale, and the actual single price is mainly negotiated. In terms of fuel, the market price of Panzhihua coke (secondary metallurgical coke) is 1830 yuan / ton, which is the same as the previous trading day and 50 yuan / ton higher than the same period last month. The price in Southwest China is mainly stable, while the price in the future is mainly stable.

The yellow phosphorus market price is down this week. In June, Yunnan Province entered into the wet season. After the implementation of the wet season electricity price, the cost of the enterprise went down, and the market price fell to a certain extent. At present, the main quotation of yellow phosphorus in Yunnan is about 15800 yuan / ton. The quotation in Guizhou is about 16000 yuan / ton. The quotation in Sichuan is about 16500 yuan / ton. The overall market sales situation is general, the downstream procurement is more cautious, who uses who takes. It is expected that the price of yellow phosphorus will still be adjusted in the near future.

3、 Future forecast

According to the phosphoric acid analyst of business and chemical branch, the price of raw materials decreased this week, which led to a slight decline in the price of phosphoric acid. The downstream demand was stable, just in need of procurement, and the price reduction space of phosphoric acid enterprises increased. It is expected that the price of phosphoric acid will continue to decline in the short term.

1、 Price trend

According to commodity data monitoring, the price of Yungui yellow phosphorus decreased this week. The average price of yellow phosphorus at the beginning of the week was 16433.33 yuan / ton, and the average price at the end of the week was 16100 yuan / ton. The price in the week decreased by 2.03 yuan.

2、 Market analysis

The yellow phosphorus market price is down this week. In June, Yunnan Province entered into the wet season. After the implementation of the wet season electricity price, the cost of the enterprise went down, and the market price fell to a certain extent. At present, the main quotation of yellow phosphorus in Yunnan is about 15800 yuan / ton. The quotation in Guizhou is about 16000 yuan / ton. The quotation in Sichuan is about 16500 yuan / ton. The overall market sales situation is general, the downstream procurement is more cautious, who uses who takes.

In terms of upstream and raw phosphorus ore, Guizhou’s supply in the field is basically stable, and there are few new orders in the downstream, and the shipment volume is average. At present, 30% of the phosphate rock car plate in Guizhou is priced around 310-360 yuan / ton, and the actual transaction can be explored in a small scale, and the actual single price is mainly negotiated. In terms of fuel, the market price of Panzhihua coke (secondary metallurgical coke) is 1830 yuan / ton, which is the same as the previous trading day and 50 yuan / ton higher than the same period last month. The price in Southwest China is mainly stable, while the price in the future is mainly stable. Downstream, the market sales of phosphoric acid and phosphate are not good, and the enterprises mainly maintain the orders of old customers, with general demand for yellow phosphorus.

3、 Future forecast

Yellow phosphorus analysts from the chemical branch of business society think that this week when Yunnan Province entered the water rich period in June, the cost of yellow phosphorus decreased and the market price fell. The downstream enterprises have weak demand for yellow phosphorus, and the procurement is more cautious. It is expected that the price of yellow phosphorus will still be adjusted in the near future.

1、 Price trend

On May 31, the antimony commodity index was 50.29, unchanged from yesterday, down 50.85% from 102.32 (2012-10-16), the highest point in the cycle, and up 7.05% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

2、 Market analysis

This week, the demand for antimony products at home and abroad has not improved significantly. The price of antimony products has remained stable and dominated, and the transaction aspect has been slightly light. As of the 29th day, the domestic market had 2 × low bismuth antimony ingots of 34500 yuan / ton, 1 × antimony ingots of 35000 yuan / ton, 0 × antimony ingots of 36000 yuan / ton, and the average price of 2 × high bismuth antimony ingots of 33000 yuan / ton, which was the same as last week. The market price of antimony trioxide also keeps stable with that of antimony ingot. By the end of the week, the average price of SMM antimony trioxide was 99.5% at 32250 yuan / ton and 99.8% at 33750 yuan / ton, unchanged compared with last week.

According to the business association, in the current situation that the demand for antimony products has not been improved, and the market volume has been low, the price of antimony products in the later period does not exclude a small downward space.

According to the monitoring of business agency data, the nonferrous index continued its rebound trend in April in May. As of the end of the month, the nonferrous index closed at 815 points, up 2.9% from 792 points at the beginning of the month, down 4.2% from the beginning of the year, down 3.07% year on year. Liu Meili, an analyst of nonferrous industry in business society, pointed out that compared with the rebound of 4.65% of nonferrous index in April, it was slightly worse in May, only rebounded by 2.9%, and the rebound speed slowed down. Affected by the epidemic situation, nonferrous index has been in a shock rebound trend since the end of March 19 this year, with a cumulative rebound of 11.79%, but it is still lower than the value at the beginning of the year, and it has not reached the same level of last year. With the arrival of the traditional off-season in June, the demand slows down, and the international market outlook is still unclear, which has put pressure on the non-ferrous market. It is expected that the non-ferrous market in June will be slightly weaker than that in May, and the main shock will be weak, which is still difficult to reach the level of the same period last year.

In May, the price increase of domestic asphalt market is far less than that of crude oil market. According to the price monitoring data of the business agency, the asphalt price at the end of May was 2250 yuan / ton, only 2.16% higher than 2207 yuan / ton at the beginning of the month. In May, OPEC + implemented production reduction and the international crude oil market price went all the way up. On May 28, WTI crude oil price was 33.71 USD / barrel, up 70.42% from the beginning of the month.

The data shows that the import volume from January to March 2020 is 1093200 tons, an increase of 24.44% year on year. In April, the domestic asphalt production was 2513200 tons, an increase of 5% year-on-year. It is expected that the production in May will be 2.796 million tons, an increase of 18% year-on-year. In the early stage, the profit of asphalt in refineries was about 500 yuan / ton, and the operating rate of each refinery was constantly improved. The operating rate of asphalt in March was about 51%, and that in April was 58%. The strong supply of refinery asphalt not only meets the stock demand of low-cost asphalt resources of middle and lower reaches merchants, but also further suppresses the growth of asphalt market.

In late May, the settlement price of Sinopec’s Asphalt in East China and South China was increased by 100 yuan / ton, and the borrowing price in the mainstream asphalt market was increased by 50-100 yuan / ton. But at present, the peak season of asphalt demand has not yet arrived. In the middle of June, the southern region entered the Mei rainy season. The demand of asphalt terminal is limited, and the space for asphalt rising is compressed again.

Lu Xingjun, an asphalt analyst at the business club, believes that there are many negative factors such as the increase of crude oil inventory in the United States and the reduction of production in Russia. In the next half month, the international oil price is likely to fall again, and the asphalt market loses cost support. It is expected that the domestic asphalt market price will remain stable and fall in June.