Price Trend
According to commodity data monitoring, the price of Yungui yellow phosphorus fell this week. At the beginning of the week, the average price of yellow phosphorus was 17,000 yuan/ton, and at the end of the week, it was 15,133.33 yuan/ton. Within the week, the price fell by 1.52%.
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On August 16, the yellow phosphorus commodity index was 98.73, down 1.69 points from yesterday, down 38.83% from 161.39 points in the cycle (2019-07-28), and up 9.72% from 89.98 points on September 05, 2018. (Note: Period refers to 2011-09-01 to date)
II. Market Analysis
Products: Yellow phosphorus prices continued to fall this week. At present, the market demand is weak, traders have a strong wait-and-see mood, and the focus of attention has shifted downward. Downstream pick-up is more cautious. At present, the main quotation of yellow phosphorus in Yunnan is 15500-16000 yuan/ton. The mainstream quotation in Sichuan is around 15,000 yuan/ton. The main quotation of yellow phosphorus in Guizhou is about 15 300 yuan/ton. In terms of start-up, four electric furnaces were shut down in Sichuan and seven electric furnaces in Yunnan. The overall market supply showed an increasing trend.
Industry Chain: This week, the phosphate ore market continued to be weak and stable, and intra-site transactions remained light and normal. Yunnan 28-grade phosphate ore car quoted 280 yuan/ton nearby, Guizhou 30-grade phosphate ore car plate trading reference 360-390 yuan/ton nearby. This week, coke prices were stable, and the mainstream price of Panzhihua coke (secondary metallurgical coke) market was 2,080 yuan per ton. The price of phosphoric acid in the downstream market began to fall sharply this week, ending the rising tide. At present, the purchasing volume of phosphoric acid enterprises is not large, and most of them are on the lookout.
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On August 16, the yellow phosphorus industry chain index was 98.11, down 4.5 points from yesterday, down 21.05% from the peak of 124.27 points in the cycle (2019-07-24), and up 23.11% from the low of 79.69 points on October 7, 2018. (Note: Period refers to 2011-12-01 to date)
3. Future Market Forecast
Yellow phosphorus analysts from the business and chemical branch believe that the overall demand for Yunnan-Guizhou yellow phosphorus is light, construction has increased, downstream demand is in a wait-and-see state, there is no good support in the field, and prices are expected to remain narrow in the short term.
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