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SunSirs: The Phosphorus Yellow Market Declined Slightly This Week (November 17-24)
November 25 2022 13:42:53SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the price of phosphorus yellow in Yunnan and Guizhou market fell slightly this week. The average price of phosphorus yellow on last Thursday was 31,333.33 RMB/ton, and the average price on this Thursday was 31,125 RMB/ton. The price fell within the week by 0.66%.

Analysis review

The price of phosphorus yellow in Yunnan and Guizhou market dropped slightly this week. On the 24th, the market was in a stalemate, and the price of phosphorus yellow was blocked when it rose. Downstream market was sluggish, purchasing enthusiasm was not high, and goods were taken cautiously. The transportation of phosphorus yellow in some regions of Yunnan was not very smooth, and many manufacturers did not make external quotations. As of the 24th, the quotation of phosphorus yellow was about 30,000-32,500 RMB/ton.

In terms of phosphate rock, the overall phosphate rock market was stable and consolidated this week. According to the data monitoring of SunSirs, as of November 24, the reference average price of 30% grade phosphate rock in mainstream areas in China was around 1,056 RMB/ton. Some domestic mining enterprises and mines had stopped production, and it was difficult to improve the tense situation of domestic phosphate rock supply in the short term. According to the phosphate rock data engineer of SunSirs, the overall domestic phosphate rock market is expected to operate mainly in a stable way with small changes in the short term, and the specific trend needs to pay more attention to the information changes on the supply and demand side.

In terms of coke, the price of coke market was temporarily stable this week. According to the data monitoring of SunSirs, as of November 24, the price of quasi primary metallurgical coke in Shanxi was 2,300 RMB/ton. In general, coke steel had a heavy game mentality, coke enterprises had a good mentality, and the market sentiment had warmed up to a certain extent. It is expected that in the short term, the coke price will be mainly stable, and the future market will focus on the sales of finished products and the price trend of raw coking coal.

In terms of phosphoric acid, the price of phosphoric acid market rose in a volatile manner this week. On November 17, the average price of phosphoric acid was 8,416.67 RMB/ton, and on November 24, the average price was 8,487.50 RMB/ton. The price was raised within the week by 0.84%. The phosphoric acid market fluctuated slightly. Downstream procurement was cautious, and the market trading performance was average. It is expected that in the short term, the phosphoric acid market will be more wait-and-see, with major stability and small fluctuations operation.

Market outlook

Phosphorus yellow analysts from SunSirs believe that the current rise in phosphorus yellow prices has cooled, and the market transaction price has begun to decline. On the whole, the upstream phosphate rock price is temporarily stable, and the coke market price is temporarily stable. Downstream customers are cautious in taking orders, and purchase at a lower price. The overall demand is not good, and the turnover of new orders is limited. It is expected that the phosphorus yellow market will be dominated by weak and stable operation in the short term.

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