Price Trend
The average price of phosphoric acid was 5833.33 yuan/ton on August 13, 5066.67 yuan/ton on August 27 and 13.14% in 15 days, up 14.22% compared with the same period last year.
II. Market Analysis
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Products: In the first half of August, the price of phosphoric acid market was high and stable. In the second half of the month, major enterprises began to reduce their quotations. As of August 27, the average price of 85% industrial purified water phosphoric acid market was about 5066.67 yuan/ton. Hubei Xingfa Group quoted 6000 yuan/ton. Sichuan Shifang Kanglong quoted 4600 yuan/ton. Oufuda Prefecture quoted 4800 yuan/ton and North China quoted 4600 yuan/ton. Beijing Airlines Xinghongda quoted 5400 yuan/ton, Guangxi Mingli Group quoted 5200 yuan/ton, Qianrui Chemical Industry quoted 4500 yuan/ton, prices fell sharply everywhere, and the market returned to rationality.
This year’s market is different from previous years. In general, during the flood season, yellow phosphorus enterprises start construction at a high level, supply is sufficient and prices are at a low level. This year, due to environmental protection and other factors, some enterprises stop production and the market of conductive phosphoric acid is rising. With the upstream Yellow Phosphorus market price pressure drops, the market center of gravity moves downward. In addition, Yunnan yellow phosphorus plant starts construction one after another, the market supply increases, and the price of yellow phosphorus keeps falling, thus driving the hot process phosphoric acid market. The terminal is mainly just needed, because the high-end price of thermal phosphoric acid can not be recognized downstream, the market is flat, phosphoric acid prices continue to decline. At present, the industry is off-season, phosphoric acid in the case of weak supply and demand, pressure to reduce prices, downstream users actively replenish, open pre-holiday stock mode. Recently, some yellow phosphorus enterprises will stop production and rectify, the market supply is tight, the price rises slightly, but phosphoric acid enterprises are still waiting and watching, rational price control, although there is a small increase, but the overall market consolidation is in the majority.
Graph.100ppi.com
Industry chain: The market continues to operate steadily, and intra-venue trading is still relatively light. The overall focus of the yellow phosphorus market is upward, and the current market trading atmosphere is good. Due to environmental factors, the starting rate of yellow phosphorus is not high, and the price upward trend is strong. Up to the 22nd, Yunnan yellow phosphorus mainstream quotation is 15 500-16 000 yuan/ton. The mainstream quotation in Sichuan is about 15 500 yuan per ton. The main transaction price of yellow phosphorus in Guizhou is about 15 300 yuan/ton. The downstream phosphate enterprises do not purchase much, and the end users are generally enthusiastic about purchasing. The market demand of autumn fertilizer is not good, the enthusiasm of downstream compound fertilizer enterprises is not high, the price of ammonium market is stable or downward in the short term, and the disadvantage of diammonium market is sorted out, turning to the weak domestic market.
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Industry: According to the price monitoring of business associations, in the 33rd week of 2019 (8.19-8.23), the price of phosphorus chemical industry rose or fell by 0 commodities, 2 commodities fell, and 3 commodities rose or fell by 0. The main commodities falling were phosphoric acid (-3.23%) and diammonium phosphate (-0.93%). In the 33rd week of 2019 (8.19-8.23), there were 1 commodity rising in the list of fertilizer prices, 3 commodities falling, and 5 commodities rising or falling to 0. The main commodities rising were liquid ammonia (0.31%) and falling were ammonium sulfate (-1.54%), diammonium phosphate (-0.93%) and potassium sulfate (-0.81%).
3. Future Market Forecast
Phosphoric acid analyst of business cooperative chemical branch thinks: with the market demand of yellow phosphorus getting better and the overall focus going up, phosphoric acid enterprises may increase along with the increase of cost, but the increase is limited. People in the industry are watching the market and most are bullish. It is expected that phosphoric acid future market will still be dominated by consolidation.
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