SunSirs: The Market Price of Phosphorus Yellow Was Stable and Increased in This Week (September 20-24)

Price trend

According to the monitoring of bulk commodity data, the price of Yunnan-Guizhou phosphorus yellow rose slightly this week. The average price of phosphorus yellow on Monday was 15,600 RMB/ton, and the average price on Thursday was 15,650 RMB/ton. The price rose within the week by 0.32%.

Analysis review   

The market trend of phosphorus yellow this week was relatively stable, with prices rising. Near the National Day holiday, manufacturers mainly issued pre-orders, some manufacturers stopped quoting, and phosphorus yellow spot transactions were less, and the spot quotations were slightly increased. Up to now, the mainstream quotation of Yunnan phosphorus yellow is around 15,500-15,700 RMB/ton; the mainstream quotation in Sichuan is around 15,700 RMB/ton; the mainstream quotation in Guizhou is around 15,500-15,700 RMB/ton.

In terms of raw materials, the overall market for phosphate ore in China this week continued to maintain a stable operation, with light trading in the market. The quotations of phosphate ore companies in Guizhou remained stable, and the downstream procurement market was average, and the shipment volume was average. The current 30% phosphate ore quotation in Guizhou area was around 280-330 RMB/ton, and the actual price was mainly negotiated. So far, the market price of coke has stabilized temporarily. The mainstream price of Panzhihua coke (secondary metallurgical coke) is 2,130 RMB/ton, up 50 RMB/ton from the previous trading day and up 100 RMB/ton from the same period last month. The downstream steel mills have better demand, and some steel mills have low coke inventories. Inventories in the port area have fallen, and traders are mainly waiting and watching, and market participants are generally optimistic about the market outlook.

In terms of demand, sales of phosphoric acid in various markets this week were general. As the National Day holiday is approaching, logistics may be restricted. Individual companies adjusted their quotations slightly, and the market’s wait-and-see sentiment remains unchanged. Phosphate market sales are not bad, and the original old customers are ordering normally, and overall demand for phosphorus yellow is average.

Market outlook

The Phosphorus yellow analyst of SunSirs believes that the overall trend of the domestic phosphorus yellow market is general, and the phosphorus yellow market is slightly tight and transactions are limited. Manufacturers basically maintained their pre-orders, and the downstream has some stocks of phosphorus yellow, and they are more cautious in taking the goods. Traders have a clear wait-and-see mood. The price of phosphorus yellow is expected to be stable in the short term.

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