9.2-9.07 Weekly summary of phosphate (DCP MCP MDCP)
Weekly market summary of phosphate (DCP MCP MDCP) (2024.9.2-2024.9.07):
1. Raw materials: The price of sulfuric acid in Yunnan rebounded slightly last week and this week. Some factories increased their price correspondingly.
2. Production and supply: The operating rate is stable this week and most of factories collected plenty orders and in the production to delivery.
3. Demands: The demand of feed mills and distributors has rebounded slightly, but due to the uncertainty of sulfrica acid in the later stage, the procurement is still cautiously and maintained with small quantity of more mining strategy.
Forecast: A main facotires in Hubei Province overhauled and the factories in Guizhou and Sichuan also have maintenance plan. Expected that there will be some gaps in market supply.
The price of sulfuric acid in the later stage is not clear, but it is recommended to pay attention to the news of Yunnan Copper's new plant, and also pay attention to the inventory and operating rate of factories. Inventory is also a important factors to affect the price.
