1、 Price trend

According to the monitoring of commodity data, the market price of Yungui yellow phosphorus was slightly reduced this week. The average price of yellow phosphorus at the beginning of the week was 31550 yuan/ton, and the average price at the end of the week was 31500 yuan/ton. The price was reduced by 0.16% during the week.

2、 Market analysis

The market price of Yunnan-Guizhou yellow phosphorus was slightly reduced this week. The manufacturer has issued many preliminary orders. At present, the devices of many enterprises are in maintenance status, and the quotation is not available for the time being. At present, the supply and demand of the yellow phosphorus market is deadlocked. On the whole, there are few transactions in the market, and the price is slightly reduced. Up to now, the mainstream quotation is around 30500-32500 yuan/ton, and the actual transaction is negotiated.

In terms of phosphate rock, according to the data monitoring of the Business Society, as of March 2, 2023, the reference average price of 30% grade phosphate rock in China was around 1074 yuan/ton, which was basically the same as that of February 27. At present, there is little change in the supply and demand information in the phosphate ore field. The high market price is mostly supported by the supply side, and the demand side is generally stable. The phosphorus ore statistician of the business association believes that in the short term, the domestic phosphorus ore market will mostly be stable and stable, and the specific trend needs to pay more attention to the change in the supply and demand information.

In terms of coke, up to now, the market price of coke in Shandong port has been temporarily stable, the quasi-first level ex-warehouse price of the port is about 2750-2800 yuan/ton, the first-level ex-warehouse price is 2850-2900 yuan/ton, the port price has been temporarily stable, the port inventory has continued to rise, and the market trading atmosphere is acceptable. In terms of freight, it is 230 yuan/ton from Xiaoyi to Rizhao Port on the 3rd, and 220 yuan/ton from Jiexiu to Rizhao Port. The freight is temporarily stable.

In terms of phosphoric acid, the market price of phosphoric acid rose this week. The average price of phosphoric acid at the beginning of the week was 8400 yuan/ton, and the average price at the weekend was 8483.33 yuan/ton, with a slight increase of 0.99% during the week. It is expected that the phosphoric acid market will be dominated by wait-and-see mentality in the short term.

3、 Aftermarket forecast

The yellow phosphorus analyst of the Chemical Branch of the Business Society believes that at present, the market price of phosphorus ore and coke in the upstream is temporarily stable, and the cost support is acceptable, and the price of yellow phosphorus enterprises is mainly high. Downstream enterprises in the yellow phosphorus market are not highly receptive to the high price of yellow phosphorus, and the supply and demand sides are deadlocked on the sidelines. On the whole, the market transaction is light. It is expected that the yellow phosphorus market will stagnate in the short term, with limited adjustment space, and pay attention to changes in the news.