Insufficient demand, China’s domestic yellow phosphorus market price fell in March

1、 Price trend

Yellow phosphorus prices fell in March, according to commodity data monitoring. The average price of yellow phosphorus at the beginning of the month was 17700 yuan / ton, and the average price at the end of the month was 16500 yuan / ton. The price fell within the month by 6.78%.

2、 Market analysis

Product: yellow phosphorus prices fell this month. The start-up of yellow phosphorus enterprises has increased slightly, and there are many enterprises planned to resume production in the near future. The local market of yellow phosphorus is average, the enthusiasm of downstream procurement is not high, the wait-and-see mood is obvious, and the mentality of traders is unstable. By the end of the month, the mainstream price in Yunnan is about 16200-16300 yuan / ton. The main price in Sichuan is about 16800-17000 yuan / ton. The main price of yellow phosphorus in Guizhou is about 16200 yuan / ton.

Industry chain: at the beginning of this month, the overall operation of domestic phosphorus ore market was basically restored. The recovery of phosphorus ore market in Guizhou is relatively fast, and the operation rate in Yunnan is still low. Up to now, the domestic phosphorus ore market is still in stable operation as a whole after a small fluctuation in March. At present, in Guizhou Province, 28% of the grade phosphate ore plants quote 320-340 yuan / ton; 30% of the grade phosphate ore plants quote 340-370 yuan / ton. Hubei area: the price of 28% ammonium phosphate ore shipboard is about 380-410 yuan / ton. Yunnan area: 28% of the price of ammonium phosphate ore car plate is about 270-290 yuan / ton. Panzhihua coke (secondary metallurgical coke) market price, the mainstream price in 1830 yuan / ton, is expected to maintain stability in the short term. This month, the phosphoric acid market was not trading well, and the overall waiting atmosphere of the market was strong. Phosphate Market operation rate is not high, enterprises temporarily wait and see the market, the current order contract based.

3、 Future forecast

According to the yellow phosphorus analyst of the chemical branch of business society, the overall atmosphere of yellow phosphorus in China this month is poor, the downstream demand is insufficient, and the wait-and-see mood is strong, which is difficult to form a strong support for the market. It is expected that the weak operation of yellow phosphorus price is the main factor.