I. price trend

The average price of phosphoric acid was 5366.67 yuan / ton on November 18 and 5333.33 yuan / ton on November 22, down 0.62% in the week, up 23.55% compared with the same period last year

II. Market analysis

Product: affected by the environmental protection policy in 2019, the output of raw material yellow phosphorus is low, the operating rate is reduced, and the market supply is reduced. The phosphoric acid market is supported by the raw material end, with high consolidation and occasional fluctuation. This year, the price of phosphoric acid is higher than that of previous years, the downstream demand is relatively reduced, and the market is generally stable. According to the monitoring of the business association, as of November 22, the average market price of 85% industrial purified water phosphoric acid was about 5333.33 yuan / ton, and the mainstream price was about 4700-5800 yuan / ton, with little fluctuation in all regions.

Industry chain: the domestic phosphorus ore market continued to run in a downturn. At the beginning of the month, prices in some regions were slightly adjusted. Prices of some mining enterprises in Guizhou and other regions remained high. Prices of phosphorus mining enterprises in a small part of Kaiyang region were slightly lower due to the impact of demand, and prices remained stable in the past two weeks. This week, yellow phosphorus market prices rose steadily. A week-long environmental inspection in Yunnan and Guichuan since Tuesday has led to a decrease in the operating rate of yellow phosphorus, a decrease in market supply, a slight increase in the price quoted by manufacturers, and a limited increase in the actual turnover.

Industry: according to the price monitoring of the business agency, in the 46th week of 2019 (11.18-11.22), there are 19 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are 2 kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three commodities are isopropanol (9.31%), acetone (6.28%) and acrylic acid (3.24%) There are 26 kinds of commodities falling on a month on month basis, with 3 kinds of commodities falling by more than 5%, accounting for 3.5% of the number of commodities monitored in this sector; the top 3 products falling are caustic soda (- 11.61%), epichlorohydrin (- 8.58%) and sulfur (- 5.42%) This week’s average was – 0.38%.

III. future forecast

According to the phosphoric acid analyst of business and social chemical branch, the fluctuation of yellow phosphorus at the raw material end is not big at present. Most phosphoric acid enterprises are in a wait-and-see state, and the price is mainly stable and stable. It is expected that the price of phosphoric acid will still be stable and stable in the short term.