The price of related products in the phosphorus chemical industry chain continues to rise

Recently, the prices of related products in the phosphorus chemical industry chain have continued to rise. According to data released by the bulk commodity consulting agency Baichuan Yingfu, the price of yellow phosphorus on September 15 was 60082 CNY/ton, which stood at an integer mark of 60,000 yuan in one fell swoop, an increase of about 280% from the beginning of the year; affected by the raw material yellow phosphorus, the price of phosphoric acid rose simultaneously. , The quotation of the day was 13,490 CNY/ton, an increase of about 173% from the beginning of the year.

Baichuan Yingfu said that the yellow phosphorous market is currently tight, and the price of yellow phosphorous continues to be strong in the short term. The reference quotation of individual companies has reached 7 million CNY/ton; while the supply of phosphoric acid in the market has decreased, and the price has continued to rise. Some manufacturers' devices have shut down.

　　According to Xingfa Group, the upstream and downstream of the phosphoric acid industry chain include phosphate rock, yellow phosphorus, phosphoric acid, phosphate, and phosphate fertilizer. China Post Securities stated that the reason for the continuous increase in the price of phosphorus chemical related products is the explosion of downstream new energy vehicle sales, which has driven high demand for lithium iron phosphate, which has led to an imbalance of supply and demand. With the development of new energy vehicles, energy storage and other emerging industries, phosphorus The importance of resources will gradually become more prominent. Baichuan Yingfu released the price trend of lithium iron phosphate, showing that the price on September 15 was 64,000 CNY/ton, an increase of about 68% from the beginning of the year.

The agency pointed out that phosphorus chemical companies have significant advantages in entering lithium iron phosphate. On the one hand, they have a raw material cost advantage. On the other hand, they can also provide raw material guarantees for the large-scale development of iron phosphate (the upstream industry of lithium iron phosphate). Therefore, they actively enter the field of iron phosphate. , The company is expected to occupy a larger share in the iron phosphate market in the future, as well as a share of lithium iron phosphate batteries in the new energy market. During the year, phosphorous chemical companies such as Chuanheng Co., Ltd. and Chuanjinnuo were all deploying iron phosphate projects.

　　 In addition, the increasing demand for phosphate fertilizers is also an important reason to promote the prosperity of the phosphate chemical industry chain. Guojin Securities believes that, at present, the fundamentals of the phosphate fertilizer industry are strong, with strong cost support, low inventory levels, and good downstream demand. It is expected that the marginal impact on the industry may be amplified, and the phosphate fertilizer industry will maintain a strong operation. From the quotation of phosphate fertilizer-related products released by Baichuan Yingfu, monoammonium phosphate and diammonium phosphate rose by about 64% and 48% respectively during the year.

China Post Securities believes that compared with existing manufacturers in the industrial chain, traditional phosphorous chemical companies have obvious competitiveness in terms of phosphorus resources, industrial chain supporting, environmental protection and comprehensive costs. We can focus on large-scale expansion capabilities and A cost-competitive phosphorous chemical company. From the perspective of the plate trend, the Fung Hua Shun Phosphorus chemical sector continued to strengthen during the year. It closed at 2687.47 points on the 15th, up 3.12% on the same day and up about 143% during the year.