1、 Price trend

According to commodity data monitoring, the market price of Yungui yellow phosphorus was basically stable this week. As of March 17, 2023, the average price of yellow phosphorus was 30625 yuan/ton, which was basically the same as that of March 13.

2、 Market analysis

The market price of Yungui yellow phosphorus was basically stable this week. The manufacturer has issued multiple preliminary orders, and the devices of many enterprises are currently in maintenance status, so no external quotation will be made temporarily. The market has a strong wait-and-see atmosphere, and overall, there are fewer transactions in the market, focusing on maintaining stable operation. Up to now, the mainstream quotation is around 28500-32000 yuan/ton, and the actual transaction is negotiated on a single basis.

In terms of phosphate rock, according to data monitoring by Business News Agency, as of March 17, 2023, the reference average price of 30% grade phosphate rock in China was around 1092 yuan/ton, which was basically the same as that of March 13. Currently, the trading atmosphere in the phosphate rock field is moderate, and the operators have a good mentality. Some mining enterprises continue to deliver preliminary orders. The phosphorus ore data analyst of the business agency believes that in the short term, the overall domestic phosphorus ore market remains high and strong, and the specific trend needs to pay more attention to the changes in information on the supply and demand side.

In terms of coke, the coke market in Shandong Port is temporarily stable in operation, with the quasi primary ex-warehouse price of around 2630-2650 yuan/ton and the primary ex-warehouse price of 2730-2750 yuan/ton. The port market is weak in operation, with a general intention to gather ports, and slightly cold trading. The decline in the futures market has affected the market mentality. Currently, the market atmosphere is on the wait-and-see side. In terms of freight, on the 17th, Xiaoyi arrived at Rizhao Port at 190 yuan/ton, and Jiexiu arrived at Rizhao Port at 185 yuan/ton. As the market atmosphere turned wait-and-see, the freight price was slightly lower.

In terms of phosphoric acid, the market price of phosphoric acid fell this week. The average price of phosphoric acid at the beginning of the week was 8216.67 yuan/ton, while the average price at the weekend was 8175 yuan/ton. During the week, the price fell by 0.51%. At present, the market is light in trading and transactions are relatively small. In the case of both weak costs and demand, it is expected that the price of thermal phosphoric acid will be mainly weak and stable in the short term.

3、 Aftermarket Forecast

Yellow phosphorus analysts from the Chemical Branch of the Business Society believe that the current upstream phosphorus ore and coke market prices are temporarily stable, and cost support is acceptable. Yellow phosphorus enterprises are mainly overpriced. The downstream phosphoric acid market price fell, with downstream procurement based on demand and strong wait-and-see sentiment. It is expected that the yellow phosphorus market will mainly operate in a weak and stable manner in the short term.