First, the price trend
According to the monitoring of yellow phosphorus commodity prices, the domestic phosphorus market as a whole continued downward trend, the overall yellow phosphorus market price of 16,500 yuan / ton, affected by many factors, most of the yellow phosphorus manufacturers down, down 500-800 yuan / Ton, the daily decline of about 4%.
Second, market analysis
Products: The rising price of electricity has always had a positive impact on the market of yellow phosphorus. The impact of the operating rate on the manufacturers was also obvious. The overall market demand for yellow phosphorus increased and the supply of goods increased. As the cost of raw materials increased, Some manufacturers to raise prices. Pre-yellow phosphorus prices continue to rise, the market price volatility in the mainstream market turmoil, due to the price of electricity in late November and welcome the “second wave of price increases” undoubtedly once again impact on the supply of yellow phosphorus, the company can still be shipped, the normal orders. Since January 2018, the downstream transaction has weakened. Most of the manufacturers, due to the sharp turmoil in the pre-phosphoric acid market, are currently holding their wait-and-see attitude. As a result, their willingness to purchase in the downstream market is extremely weak and the domestic phosphorus market is still in a downturn. Based on the pressure from raw material cost, Slight adjustment of the price of phosphorus-based. However, the current continuous weakness in the downstream, poor demand, wait and see attitude heavier. Manufacturers said the price will continue to cut.
Industrial chain: Phosphorite upstream this week, the smooth operation of the market, but individual manufacturers of phosphate rock device is still in the state of shutdown, most of the downstream wait and see strong will, but this week a slight alleviation of phosphate rock shipping tension, phosphate yellow Phosphorus, there is a downward trend, new single slim deal, the downstream market ammonium phosphate prices continued turmoil, although slightly stable trend. However, the volume of new orders remained slim, and the downstream demand for yellow phosphorus continued to be weak.
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Third, the market outlook forecast
Chemical Co., Ltd. Business Branch yellow phosphorus analyst Wu Li believes that the recent decline in the domestic market volume of yellow phosphorus, yellow phosphorus cost pressures, high pre-market-based operation, but manufacturers said that since 2018 into the downstream wait and see attitude strong, turnover The amount weakened, the recent price drop slightly, based on the impact of cost pressures, on the whole, the yellow phosphorus market is expected to post or will continue to decline.