Weekly market summary of phosphate rock, thermal phosphoric acid and wet purified phosphoric acid(9.2-9.7):
Phosphate rock:
This week, phosphate rock was affected by the downstream ammonium phosphate market downturn, and in some producing areas had the intention of reducing prices. Phosphate rock enterprises in the northern region have resumed production, but supply capacity is limited in short-term, and due to the impact of downstream ammonium phosphate's operating rate, phosphate rock in the north has no market for a price. But the transaction price of phosphate rock is relatively stable.
Sulfur:
The total inventory of sulfur in China's ports is currently around 2.4 million tons, and the price of sulfur at ports fluctuated this week. The price of domestic sulfur rose slightly, and the wait-and-see sentiment of downstream procurement was strong; At present, the high price of the external market and the limited domestic arrival are affected, and the factories and traders are reluctant to sell with low prices. However, the downstream ammonium phosphate start and price are in a downward trend, but due to the support of the cost side, the downward range of sulfur is limited.
Thermal phosphoric acid: This week, because the price of raw material yellow phosphorus has risen sharply, the price of thermal phosphoric acid has also continued to rise, and manufacturers are reluctant to sell.
From the perspective of supply and demand, a mainstream factory in southwest and central China resumed production this week, and the market supply was sufficient; Some thermal phosphoric acid factories in Hubei, Yunnan and Sichuan raised their prices by 300-700 yuan/ton; Downstream inquiries have increased, but terminal companies have strong resistance to the high price of thermal phosphoric acid, and the wait-and-see sentiment dominates, and the procurement mostly maintains rigid demand.
From the cost point of view, the quotation of yellow phosphorus is firm, the price is difficult to decline, and the cost support of thermal phosphoric acid is strong; The high price of wet purified phosphoric acid is also firm, which is conducive to the transaction of new orders of thermal phosphoric acid to a certain extent.
Market outlook: It is expected that the market price of thermal phosphoric acid will rise slightly next week.
Wet purified of phosphoric acid:
This week, the price of wet purified phosphoric acid first stabilized and then rose. A number of wet purification phosphoric acid manufacturers raised their quotations today, with an increase of 200-300 yuan/ton.
In the early part of this week, affected by the mentality of buying up and not buying down, some downstream enterprises maintained active inquiries, but they still need to digest the space for high price acceptance, and the new order transaction is limited, but with the news of the tight inventory of factories and the factories quotation has been raised, and some downstream markets are still in demand, and customers supplement reasonable inventory and implement on-demand procurement; At this stage, although the price difference between thermal phosphoric acid and wet purified phosphoric acid has narrowed, the price trend is obvious due to the continued rise in the price of yellow phosphorus, and which has boosted the confidence of purified phosphoric acid factories to stabilize prices and raise prices to a certain extent.
