1、 Price trend

According to the monitoring of the commodity market analysis system of the business community, the price of Yunnan Guizhou yellow phosphorus market was lowered this week. The average price of yellow phosphorus on Monday was 29800 yuan/ton, while on Friday it was 28500 yuan/ton. During the week, the price decreased by 4.36%.

2、 Market analysis

The price of Yunnan Guizhou yellow phosphorus market fell this week. At present, the overall market trading situation of yellow phosphorus is not good, and there is light demand on the market. Some enterprises are parking, and the operating rate of yellow phosphorus is slowly decreasing. The on-site inventory is still acceptable, and the supply and demand are still relatively stagnant. The enterprise will not provide external quotations for the time being, and the actual order will be discussed in detail. Downstream procurement is more cautious, with moderate stocking and a focus on immediate demand. As of now, the mainstream quotation is around 26000-29000 yuan/ton, and the actual transaction is negotiable.

As of April 13, 2023, the reference average price of 30% grade phosphate ore in China is around 1106 yuan/ton; Compared to April 9, 2023 (reference price of phosphate rock is 1110 yuan/ton), the price has been reduced by 4 yuan/ton, a decrease of 0.36%. At present, due to the weak operation of downstream yellow phosphorus, the trading atmosphere inside the phosphate ore field is light, and the new orders of phosphate ore in Yunnan region are generally traded. The phosphate ore data analyst of the Business Society believes that in the short term, the domestic phosphate ore market mainly focuses on narrow range consolidation and operation, and the specific trend still needs to pay more attention to changes in supply and demand information.

In terms of coke, according to the commodity market analysis system of the Business Society, the second round of increase and decrease in the coke market was implemented from April 7 to April 14, 2023. As of April 14, the price of quasi first-class metallurgical coke in Shanxi region was 2386 yuan/ton, a decrease of 2.05%. During this cycle, the coke market remained weak, with the second round of increases and decreases falling to the ground, with a cumulative decrease of 100-200 yuan/ton. After two rounds of decreases, the market atmosphere remained slightly weak.

As for phosphoric acid, the market price of phosphoric acid dropped sharply this week. The average price of phosphoric acid on Monday was 7450 yuan/ton, while on Friday it was 7137.5 yuan/ton. During the week, the price was significantly reduced by 4.19%. At present, the demand for phosphoric acid in the market is sluggish and the market is weak. The trend of raw phosphorus ore and yellow phosphorus is poor, and the phosphoric acid market is operating weakly. Downstream demand is weak, and the mentality of buying up instead of buying down has increased.

3、 Future Market Forecast

Yellow phosphorus analysts from the Chemical Branch of the Business Society believe that the current decline in upstream phosphate rock prices and the second round of lifting and lowering in the coke market have resulted in weak cost support. The downstream market has significantly decreased, and the wait-and-see atmosphere is obvious. Overall, the atmosphere in the yellow phosphorus market is relatively empty. It is expected that yellow phosphorus will continue to be weak in the short term, and pay attention to changes in the news.