1、 Price trend

According to the monitoring of the commodity market analysis system of Business Society, the price of Yungui yellow phosphorus has decreased. Last Thursday, the average price of yellow phosphorus was 25326.67 yuan/ton, while this Thursday’s average price was 24766.67 yuan/ton. The price has decreased by 2.21% during the week.

2、 Market analysis

This week, the focus of the domestic yellow phosphorus market continued to decline, and the overall market trading situation was average. The operating rate in the downstream market has weakened, leading to a pressure on prices and a focus on demand. Yellow phosphorus enterprises are cautious in their quotations, issuing more preliminary orders, and not providing external quotations for new orders. Only one can be negotiated. The price of yellow phosphorus in the market is relatively chaotic, with both high-end and low-end prices coexisting. As of now, the mainstream quotation for Yunnan yellow phosphorus is around 24500 yuan/ton; The quotation for Guizhou yellow phosphorus is around 24500 yuan/ton, while the quotation for Sichuan yellow phosphorus is around 25000 yuan/ton.

As of December 14th, the reference price for phosphate ore was 1034 yuan/ton, a decrease of 1.9% compared to December 7th (1054 yuan/ton). The overall domestic phosphate ore market is showing a slight downward trend. The downstream terminal market for phosphate ore is generally stocked, and the demand side provides limited support for phosphate ore. The phosphorus ore data analyst from the Business Society predicts that in the short term, the phosphorus ore market will mainly operate steadily with small fluctuations, and more attention needs to be paid to changes in supply and demand information.

In terms of coke, according to the commodity market analysis system of Business Society, the ex factory price of quasi first grade metallurgical coke in Shanxi last Thursday was 2328.33 yuan/ton, and the average price this Thursday was 2430 yuan/ton. The price has increased by 4.37% during the week. This week, the supply of coke in the market was tight and boosted, while the coking coal market operated strongly. The inventory of the two ports has slightly decreased, and market trading is still acceptable.

In terms of phosphoric acid, according to the commodity market analysis system of Business Society, the market price of phosphoric acid has decreased this week. The average price of phosphoric acid was 7020 yuan/ton last Thursday, and 6900 yuan/ton this Thursday. The price has decreased by 1.71% during the week. The market for raw material yellow phosphorus has weakened, with insufficient cost support, leading to a reduction in quotes from phosphoric acid manufacturers and distributors. The demand for phosphoric acid in the market is sluggish, with limited trading and a weak short-term trend.

3、 Future Market Forecast

The yellow phosphorus analyst from the Chemical Branch of Shengyishe believes that the price of yellow phosphorus will continue to decrease this week, and downstream market operating rates will weaken, demand will weaken, overall market trading will be light, and the focus of the yellow phosphorus market will decline. The upstream phosphate ore market is downward, while the coke market is slightly upward, with average cost support. It is expected that the price trend of yellow phosphorus will be weak in the short term.