1、 Price trend

According to the monitoring of the commodity market analysis system of Business Society, the focus of the domestic yellow phosphorus market has shifted downward this week. The average price of yellow phosphorus last Thursday was 23793.33 yuan/ton, and this Thursday’s average price was 22760 yuan/ton, with a price reduction of 4.34%.

2、 Market analysis

The focus of the yellow phosphorus market continued to decline this week. The trading situation of yellow phosphorus on the market is average. The manufacturer mainly issues preliminary orders, but the transaction situation of new orders is average. Downstream procurement enthusiasm is poor, demand is average, and there are many cases of underpricing procurement. It is mainly wait-and-see, and the procurement is very cautious. Overall, the market situation for yellow phosphorus is relatively light. As of now, the market price for yellow phosphorus is around 22500-23300 yuan/ton, and the actual transaction is negotiable.

In terms of phosphate ore, according to data monitoring from Business Society, the phosphate ore market has temporarily stabilized and consolidated this week. As of March 14, 2023, the reference average price of 30% grade phosphate ore in China is around 1062 yuan/ton, which is the same as March 7. The phosphorus ore data analyst from Business Society believes that the overall domestic phosphorus ore market is stable and running smoothly, with a mild trading atmosphere in the phosphate ore field. Currently, the downstream market demand for phosphate ore is slowly recovering.

In terms of coke, according to the analysis of the commodity market by Business Society, as of now, the coke market in Shandong ports is operating weakly, with a quasi first level outbound price of around 2030-2080 yuan/ton and a first level outbound price of 2130-2180 yuan/ton. The spot market in ports is operating weakly, and the trading atmosphere is weak. The intention of traders to gather at the port is low, and the inventory of the two ports has slightly decreased. On March 14th, Xiaoyi arrived at Rizhao Port at 170 yuan/ton, while Jiexiu arrived at Rizhao Port at 165 yuan/ton.

In terms of phosphoric acid, according to the monitoring of the commodity market analysis system of Business Society, the market price of phosphoric acid has declined. The average price of domestic hot process phosphoric acid market was 6650 yuan/ton last Thursday, and 6600 yuan/ton this Thursday, with a price drop of 0.75%. The phosphoric acid analyst from Business Society believes that the demand in the thermal phosphoric acid market is average this week, with poor raw material yellow phosphorus market and insufficient cost support. The industry is mainly cautious and wait-and-see.

3、 Future Market Forecast

The yellow phosphorus analyst from the Chemical Branch of Business Society believes that the upstream phosphate ore market is currently stable and consolidating, and the coke market is operating weakly, with average cost support. The downstream phosphoric acid market prices have fallen. Overall, the trading volume in the yellow phosphorus market is relatively light, and downstream markets are mostly wait-and-see. It is expected that the yellow phosphorus market will experience weak consolidation and operation in the short term, and actual transactions will be discussed on a single basis.