1、 Price trend

According to the bulk data list of business agency, the average price of domestic phosphoric acid on March 31 was 5333.33 yuan / ton, down 0.62% from the beginning of the month, up 13.93% compared with the same period last year. On April 2, the phosphoric acid commodity index was 115.48, down 1.1 points from yesterday, down 10.45% from 128.96 (2019-07-25), the highest point in the cycle, and up 26.69% from 91.15, the lowest point on October 13, 2016. (Note: cycle refers to 2011-09-01 to now) / P >

2、 Market analysis

Product: the phosphoric acid Market weakened in March and the price decreased. At the beginning of the month, the phosphoric acid Market in all regions (except some regions) was basically back to work, and the market recovered its vitality. In the middle of the month, the phosphoric acid market began to decline, and the price began to decline in a step-by-step manner. The focus of transactions in all regions was shifted down, and the price was cut for shipment. At the same time, due to the impact of foreign public health affairs, the export situation was not good. At present, enterprises are more cautious and wait-and-see, and more go with the market. According to the monitoring of the business association, as of April 3, the average market price of 85% industrial purified water phosphoric acid was about 5283.33 yuan / ton, that of Sichuan was about 4700-5300 yuan / ton, that of Hubei was about 5000-5300 yuan / ton, that of Yunnan was about 5200 yuan / ton, that of Beijing was about 5400 yuan / ton, that of Tianjin was about 6000 yuan / ton, and that of all regions was different Tune.

Industry chain: yellow phosphorus prices fell this month. The start-up of yellow phosphorus enterprises has increased slightly, and there are many enterprises planned to resume production in the near future. The local market of yellow phosphorus is average, the enthusiasm of downstream procurement is not high, the wait-and-see mood is obvious, and the mentality of traders is unstable. By the end of the month, the mainstream price in Yunnan is about 16200-16300 yuan / ton. The main price in Sichuan is about 16800-17000 yuan / ton. The main price of yellow phosphorus in Guizhou is about 16200 yuan / ton. This month, the overall domestic phosphorus ore market started to recover basically at the beginning. The phosphorus ore market in Guizhou recovered relatively quickly, and the operating rate in Yunnan is still not high. Up to now, the domestic phosphorus ore market is still stable after a small shock in March.

Industry: according to the price monitoring of the business agency, there are 3 kinds of rising commodities, 2 kinds of falling commodities and 0 kinds of rising and falling commodities in the price list of phosphorus chemical industry in March 2020. The main commodities that rose were monoammonium phosphate (4.52%), diammonium phosphate (1.14%), phosphate rock (0.83%); the main commodities that fell were yellow phosphorus (- 6.78%), phosphoric acid (- 0.62%). This month’s average rise and fall was – 0.18%.

3、 Future forecast

According to the phosphoric acid analyst of the chemical branch of business society, the market of phosphoric acid is weak at present, and all regions are basically back to normal. The high-end price in the market is generally lowered, the focus of market transaction is shifted down, and the support effect of raw material end is weakened. It is expected that there is still room for further exploration in the phosphoric acid Market in the short term.