Price trend

According to the monitoring of commodity data, the price of phosphorus yellow in Yunnan and Guizhou was lowered. The average price of phosphorus yellow at the beginning of the week was 40,666.67 RMB/ton, and the average price at the weekend was 34,333.33 RMB/ton. During the week, the price was lowered by 15.57%.

Analysis review

Phosphorus yellow prices fell this week. After the New Year's Day holiday, the operating rate of phosphorus yellow increased. The overall market was relatively deserted, the downstream wait-and-see mood was strong, and the transaction in the phosphorus yellow market was weak and declining. Inquiries were generally based on just on demand, and they purchase whenever they needed them. As of the 7th, the mainstream quotation of phosphorus yellow was around 34,000-35,000 RMB/ton.

In terms of phosphate rock, after the New Year's Day holiday, the domestic phosphate rock market was mainly stable. The average domestic market price of 30% phosphate rock was 690 RMB/ton. On the eve of the Spring Festival, the supply of phosphate rock is mainly based on contracted old customers, and the company's external quotations mostly hold the previous price. The phosphate rock analyst of SunSirs believes that in the short term, the domestic phosphate rock market will continue to operate at a high level. Pay more attention to the news changes on the supply and demand side.

In terms of coke, the market for coke has been running steadily and well recently. Recently, coal mines have suffered more production cuts due to various factors, the supply of coke has tightened, and some coal types have rebounded slightly. Recently, the downstream coke procurement has been better, and the demand support is strong. After the first round of increase in the coke market, some companies in the main production areas of Shanxi, Shandong and other places started the second round of increase of 200 RMB/ton. The coke market is improving, and the coking enterprises have a positive attitude. At present, the inventory in the factory is low, and the production start is still low due to the impact of limited production. The enthusiasm of downstream steel mills to purchase remains unabated, the expectation of production resumption continues to increase, and most of them are actively replenishing their inventories. Under the environment of tight supply and acceptable demand, the overall coke market is stable and strong.

In terms of phosphoric acid, the market price of phosphoric acid was sloping downward. According to the monitoring of SunSirs, the average price of phosphoric acid at the beginning of the week was 11,466.67 RMB/ton, and the average price at the weekend was 11,166.67 RMB/ton. The price during the week was lowered by 2.62%. At present, the price of raw materials has been lowered, the cost support force has gradually weakened, the flexibility of the adjustable price space has increased, and the market price has declined. It is expected that the phosphoric acid market may continue to decline in the short term.

Market outlook

The phosphorus yellow analyst of SunSirs believes that the price of phosphorus yellow fell this week, and the downstream was more resistant to high-priced phosphorus yellow. The market was more wait-and-see, and the downstream purchases were mainly scattered, and the market transaction was weak and down. It is expected that in the short term, the price of phosphorus yellow will temporarily stabilize and run in a consolidation.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.