1、 Price trend
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According to monitoring of commodity data, the yellow phosphorus market price in July was initially suppressed and then increased, with an overall increase being the main trend. On July 1st, the average price of yellow phosphorus was 22900 yuan/ton, and on July 27th, it was 23600 yuan/ton. During the month, the price increased by 3.06%.
2、 Market analysis
In July, the market price of yellow phosphorus was initially suppressed and then increased, with an overall increase being the main trend. In the early part of this month, the market situation was light, and the market construction was still at a low level, with prices slightly decreasing. The overall market trading situation of yellow phosphorus has improved in the middle and late stages, with a slight shortage of spot goods in the market. Some manufacturers have already arranged orders for a week, and it is difficult to find low-priced goods on the market. Downstream pesticide enterprises are just in need of procurement, and the atmosphere for new order negotiations is relatively strong. As of now, the market quotation in Sichuan region is around 23500-23700 yuan/ton, and the actual transaction is negotiable.
In terms of phosphate rock, according to data monitoring by Business Society, as of July 27, 2023, the reference average price of 30% grade phosphate rock in China was around 878 yuan/ton. Compared with July 1, 2023 (reference price of 942 yuan/ton of phosphate rock), the price decreased by 6.79%. At present, the trading atmosphere in the phosphate rock field is relatively light, and downstream procurement is relatively cautious. In the short term, the overall narrow range and weak adjustment operation of the phosphorus ore market. In the long run, the overall trend of the phosphorus ore market is expected to experience a rebound, and specific trends still need to pay more attention to changes in supply and demand news.
In terms of coke, according to the commodity market analysis system of the Business Society, the price of quasi first-class metallurgical coke in Shanxi Province was 1754 yuan/ton on July 1st, and as of July 27th, the price was 1878.33 yuan/ton, an increase of 7.09%. At present, the inventory in coking enterprises is generally low. In terms of demand, the profits of the steel plant have recovered to some extent this week, and the operation of the blast furnace has been relatively stable, with good enthusiasm for coke procurement. Overall, the recent performance of the coke market is characterized by tight supply and strong demand, and it is expected that the operation will be mainly strong in the short term.
In terms of phosphoric acid, according to the monitoring of the commodity market analysis system of the Business Society, the reference price of phosphoric acid at the beginning of the month is 6300 yuan/ton, and the average price at the end of the month is 6640 yuan/ton. The price has increased by 5.4% during the month. The phosphoric acid market prices have risen this month, with strong support for raw materials and good market trading performance. It is expected that in the short term, the phosphoric acid market will be cautious and cautious, with prices in the phosphoric acid market operating in a narrow range.
3、 Future Market Forecast
Yellow phosphorus analysts from the Chemical Branch of the Business Society believe that the market price of yellow phosphorus in July was initially suppressed and then increased, with an overall increase being the main trend. At present, the market trading situation is average, with enterprises focusing on stabilizing prices and downstream purchasing on demand. Both supply and demand sides are more wait-and-see. It is expected that the market price of yellow phosphorus will temporarily stabilize and operate in the short term, and actual transactions will be negotiated separately.
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