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SunSirs: Phosphorus Yellow Prices Rose Rapidly This Week(July 13-17)

July 20 2020 14:29:31     SunSirs (John)

Price trend

According to the price monitoring of SunSirs, the price of phosphorus yellow in Yunnan-Guizhou area rose this week. The average price of phosphorus yellow at the beginning of the week was 14,600 RMB/ton, and the average price at weekends was 15,000 RMB /ton. The price during the week was raised by 2.74%.

Analysis review

The market price of phosphorus yellow rose this week. The price of phosphorus yellow continued to rise, compared with last week, the price of phosphorus yellow rose faster this week. The spot supply in the market was tight, the enthusiasm for downstream purchases remained unabated, the market transactions were good, and there were many high-priced orders. The current market price in Yunnan is around 14,500-14800 RMB/ton. The mainstream quotation in Guizhou is around 14,800-15,000 RMB/ton. The price of phosphorus yellow in Sichuan is around 14,500-15,000 RMB/ton. At present, the start of phosphorus yellow in various places is generally normal, and the manufacturers are mainly issuing pre-orders. The market spot supply continues to be tight, and the manufacturers intend to raise the price.

In terms of raw materials, domestic phosphate rock was mainly operating stably this week. The quotations of phosphate rock mining companies in Guizhou remained stable, and the low-end quotations were lowered compared to last week. There were fewer new orders downstream, and shipments were average. The current 30% phosphate rock price in Guizhou is around 280-340 RMB/ton. The market price of Panzhihua coke (secondary metallurgical coke) this week, the mainstream price was 2,030 RMB/ton, which is the same as the previous trading day, and the price has risen 100 RMB/ton from the same period last month. The southwestern market was relatively stable. The latest statistics released by the National Bureau of Statistics on July 16 show that in June 2020, China’s coke production was 40.17 million tons, a decrease of 4.2% year-on-year, and the rate of decline was 1 percentage point larger than the previous month. From January to June 2020, China's coke production was 228.69 million tons, down 2.5% year-on-year, and the rate of decline narrowed by 0.3 percentage points from January to March.

In terms of demand, the downstream phosphoric acid market demand is good. Phosphate market demand is average, and companies maintain their old customers' orders as the mainstay, but demand for phosphorus yellow is average.

Market outlook

The Phosphorus yellow analyst of the Chemical Branch of SunSirs believes that the current situation of phosphorus yellow start-ups in various places is generally normal. The manufacturers mainly issue preliminary orders, the market spot supply is tight, and downstream manufacturers are not lacking in high-priced orders. It is expected that the price of phosphorus yellow will continue to rise in the short term.

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