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SunSirs: Phosphorus Yellow Market Price Was Stable This Week (August 24-27)

August 31 2020 08:02:41     SunSirs (John)

Price trend

According to the data monitored by SunSirs, the price of phosphorus yellow in Yunnan-Guizhou area remained stable this week. The average price of phosphorus yellow was 15,300 RMB/ton.

Analysis review

This week, the market price of phosphorus yellow remained stable, and prices in various regions remained strong. The downstream products were more cautious and the market transactions were average. Up to now, the market price in Yunnan area is about 15,000-15,500 RMB/ton. The mainstream quotation in Guizhou is around 15,000-15,100 RMB/ton. The price of phosphorus yellow in Sichuan is around 15,000-15,500 RMB/ton. At present, the start of phosphorus yellow in various places is generally normal. The manufacturers mainly fulfill the pre-orders, and the phosphorus yellow enterprises mainly operate at high prices.

In terms of raw materials, this week’s weak domestic phosphate ore market has been reorganized. There was no major fluctuation in market prices for the time being, on-site trading was deserted, downstream demand was flat, mining companies were mostly staying on the sidelines, current new orders are mostly small orders, mainly for delivery. As of the 27th, the market price of Panzhihua coke (secondary metallurgical coke), the mainstream price was 2,030 RMB/ton, which was the same as the previous trading day and the same as the price of the same period last month. The price in the southwestern market was relatively stable with little fluctuation.

In terms of demand, the downstream phosphoric acid market continued to be stable, and some companies fluctuated slightly with little change. In the off-season, the demand side performance was average, purchased as used, replenished the goods on the dip, and there was no heavy volume.. Phosphate start-ups were average, and companies maintained orders from old customers, and overall demand for phosphorus yellow was average.

Market outlook

The Phosphorus yellow analyst of SunSirs believes that the market price of phosphorus yellow is stable this week. At present, the driving situation of phosphorus yellow in various places has basically not changed. Manufacturers mainly issue pre-orders, and phosphorus yellow enterprises mainly operate at high prices. The downstream demand situation is general. The price of phosphorus yellow is expected to be stable in the short term.

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