1、 Price trend

According to the monitoring of the commodity market analysis system of the Business Society, the price center of the Yungui yellow phosphorus market this week is upward, with an average price of 23600 yuan/ton at the beginning of the week and 24100 yuan/ton at the end of the week. During the week, the price increased by 2.12%.

2、 Market analysis

This week, the price center of Yungui yellow phosphorus market is upward. At present, the overall market trading situation of yellow phosphorus is relatively good. The spot market of yellow phosphorus is tight, and the transaction price of new orders is stable and strong. Manufacturers mainly place early orders, but there is not much inventory on the market, which is difficult to sell at low prices, resulting in a relatively stagnant supply and demand. The enterprise will not provide external quotations for the time being, and will discuss the actual order in detail. As of now, the quotation is around 24200-24000 yuan/ton, and the actual transaction is subject to negotiation.

In terms of phosphate ore, the domestic phosphate ore market fell slightly this week. At the beginning of the week, the average price of phosphate ore was 878 yuan/ton, while at the weekend, the average price was 868 yuan/ton. During the week, the price decreased by 1.14%. At present, the trading atmosphere in the phosphate rock field is relatively light, and downstream procurement is relatively cautious. It is expected that in the short term, the overall phosphorus ore market will be weak in consolidation and operation.

In terms of coke, according to the commodity market analysis system of Business Society, the fourth round of increase in the coke market was implemented from July 28 to August 4, 2023. As of August 4, the price of quasi first-class metallurgical coke in Shanxi region was 2080 yuan/ton, up 10.74%. On the whole, the demand for coke is fair at present, and the supply is still slightly tight, but the decline in the futures market affects the mentality of the Spot market. Traders are slightly less motivated to take the goods. After two rounds of intensive coke increase, steel mills have a strong resistance mentality. It is expected that the coke market will maintain a temporary stable operation in the short term.

In terms of phosphoric acid, the market price of phosphoric acid has slightly increased this week. At the beginning of the week, the average price of phosphoric acid was 6640 yuan/ton, and on the weekend, it was 6650 yuan/ton. During the week, the price increased by 0.15%. This week, the price of phosphoric acid in the phosphoric acid market is basically stable, with a slight increase. The upward momentum is insufficient, and there is a strong wait-and-see sentiment. It is expected that the narrow range of phosphoric acid market prices will be mainly consolidated and operated in the short term.

3、 Future Market Forecast

Yellow phosphorus analysts from the Chemical Branch of the Business Society believe that the current upstream phosphate rock prices have slightly decreased, while coke prices have significantly increased, and cost support is still acceptable. At present, the yellow phosphorus market has a good order receiving situation, with a tight spot market and difficult to find low-priced sources of goods. It is expected that in the short term, yellow phosphorus will mainly operate with a strong trend, and we will pay attention to changes in the news surface.