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SunSirs: The Phosphoric Acid Market Fell Slightly in This Week (June 1-5)

June 09 2020 11:12:01     SunSirs (John)

Price trend

According to the big data list of SunSirs, the average domestic phosphoric acid price on June 5 was 5,133.33 RMB/ton, which was a slight decrease from the price of 5,200 RMB/ton at the beginning of the week. It fell by 1.28% during the week and increased by 12.82% compared with the same period last year.


Analysis review   

The price of phosphoric acid fell slightly this week, mainly due to the reduction of its raw material yellow phosphorus, the support of the cost end weakened, the price elasticity of phosphoric acid companies increased, and the price was subsequently reduced. Domestic demand was stable this week, but due to the increase in raw materials in the early stage, the price of phosphoric acid rose, the terminal's ability to receive goods was limited, purchases were cautious, and transactions were not heavy. According to the monitoring of SunSirs, as of June 5, the average price of 85% industrial purified water phosphoric acid market was about 5,133.33 RMB/ton, the quotation in Sichuan was about 5,000 RMB/ton-5,300 RMB/ton, and the quotation in Guangxi was 4,800 RMB/ton. The price in Yunnan was around 5,200 RMB/ton, the price in Beijing was about 5,100 RMB/ton, the price in Tianjin was about 5,700 RMB/ton, and the price in Hubei was about 5,000 RMB/ton-5,300 RMB/ton.

Upstream, in terms of raw material phosphate rock, the supply on the ground in Guizhou remained basically stable, and there were few new orders in the downstream, and the sales volume was general. The current 30% phosphate rock price in Guizhou is around 310-360 RMB/ton, the actual transaction may be slightly lowered, and the actual single bargaining price is mainly. In terms of fuel, the market price of Panzhihua coke (secondary metallurgical coke) is mainstream at 1,830 RMB/ton, which is the same as the previous trading day and 50 RMB/ton higher than the same period last month. The price stability in the southwest region is mainly stable, and the market outlook is mainly stable.

This week, the market price of yellow phosphorus was reduced. The Yunnan region entered a period of abundant water in June. After the implementation of the electricity price during the period of abundant water, the cost of enterprises went down and the market price fell to a certain extent. At present, the mainstream offer price of yellow phosphorus in Yunnan is around 15,800 RMB/ton. The quotation in Guizhou is around 16,000 RMB/ton. The quotation in Sichuan is around 16,500 RMB/ton. The overall market sales are general, and downstream purchases are relatively cautious. It is expected that the price of yellow phosphorus will continue to decline in the near future.


Market outlook

Phosphoric acid analysts of the chemical branch of the business community believe that the price reduction of raw materials at the end of this week has driven the price of phosphoric acid to fall slightly, the downstream demand is stable, just purchases are needed, and phosphoric acid companies have more room to cut prices. It is expected that phosphoric acid prices will continue to fall in the short term.


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