1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the monitoring of the commodity market analysis system of Business Society, the price of Yungui yellow phosphorus has decreased. Last Friday, the average price of yellow phosphorus was 25729.33 yuan/ton, while this Friday’s average price is 25160 yuan/ton. The price has decreased by 2.21% during the week.
2、 Market analysis
This week, the focus of the domestic yellow phosphorus market has been downward, and the overall market trading situation is light. The downstream market is relatively weak, and the enthusiasm for purchasing is low. Downstream enterprises are still cautious in their procurement, and they will purchase at a lower price. They will use a little to buy a little, and the market price of yellow phosphorus will gradually decrease. As of now, the mainstream quotation for Yunnan yellow phosphorus is around 25200 yuan/ton; The quotation for Guizhou yellow phosphorus is around 25000 yuan/ton, while the quotation for Sichuan yellow phosphorus is around 25000-25500 yuan/ton.
As of December 8th, the reference price for phosphate ore was 1034 yuan/ton, a decrease of 1.9% compared to December 1st (1054 yuan/ton). At present, the trading atmosphere inside the phosphate ore field is mild, and the downstream market is weak, resulting in a decrease in market prices. At present, the domestic price of 30 grade phosphate ore is around 1020-1080 yuan/ton. The phosphorus ore data analyst from Business Society believes that in the short term, the domestic phosphorus ore market has limited fluctuations, and the market will continue to focus on stable operation. The specific trend still needs to pay more attention to changes in supply and demand information.
In terms of coke, according to the commodity market analysis system of Business Society, from December 1 to December 8, 2023, the coke market in Shanxi region will temporarily operate steadily. On December 8, the ex factory price of quasi first-class metallurgical coke will be 2328.33 yuan/ton, which is temporarily stable. The overall performance of the coke market this week is relatively strong, and the third round of price increases has not yet been implemented. The raw material coking coal continues to operate at a relatively strong level. Recently, the cost of entering the furnace for coking enterprises is still high, and the overall profit is poor. Some enterprises have voluntarily limited production, and currently the on-site inventory is operating at a low level, resulting in a slightly tight supply of coke. As the weather cools down, the downstream terminal consumer market gradually enters the off-season in terms of demand. In the future, the mentality of coke enterprises remains strong, and downstream demand is still present. It is expected that the coke market will continue to operate strongly in the short term. The focus of the future is on the downstream winter storage plan and the inventory situation of coke in various links.
In terms of phosphoric acid, according to the commodity market analysis system of Business Society, the domestic wet process phosphoric acid price remained stable this week; The market price of thermal phosphoric acid has been lowered this week. The prices of raw materials such as yellow phosphorus and phosphate ore have been lowered, weakening cost support. At present, the operating rate of phosphoric acid enterprises is stable, and the demand in the phosphoric acid market is sluggish. Trading is limited, and transactions are mainly negotiated on a single basis. The phosphoric acid analyst from Shengyishe believes that the recent weakening of the phosphoric acid market has led to a strong bearish sentiment in the industry. It is expected that the short-term phosphoric acid market prices will be weakly consolidated and operated.
3、 Future Market Forecast
The yellow phosphorus analyst from the Chemical Branch of Business Society believes that the price of yellow phosphorus has decreased this week, and the overall market trading situation is light, with the focus of the yellow phosphorus market downward. The upstream phosphate ore market is downward, and the coke market is temporarily stable, with average cost support. It is expected that the price trend of yellow phosphorus will be weak in the short term.
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