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Prices of phosphorus chemical products continue to rise Comefrom: CINIC    AddDate:2021-09-08    Hit:1844

Prices of phosphorus chemical industrial chain related products continue to rise. Data from Baichuan Yingfu showed that the daily prices of phosphate fertilizer materials such as monoammonium phosphate and diammonium phosphate were 3,345 yuan/ton and 3,264 yuan/ton, respectively, on Sept 6th, up nearly 64% and 39% since the beginning of the year. Industry insiders said that since the beginning of this year, affected by the international epidemic, foreign phosphate fertilizer enterprises have been operating well below capacity with declined productivity, and exports of domestic enterprises increased, which affects the price of phosphate fertilizer indirectly. Benefiting from the rapid development of new energy batteries, prices of lithium iron phosphate are also rising. It was revealed by Baichuan Yingfu that on Sept 6th, lithium iron phosphate was quoted at 59,000 yuan/ton. Under the pressure of front-end raw material cost, the price of lithium iron phosphate of large enterprises increased significantly. The price of lithium iron phosphate has risen by about 55% this year, while the price of lithium hexafluorophosphate, one of the electrolytic materials, has risen by about three times.

Everbright Securities believes that with the increasing demand for lithium electric materials in the downstream new energy field, the demand for raw materials such as phosphate ore, ammonium phosphate and phosphoric acid in the upstream is also increasing. In the case of phosphate ore, Baichuan Yingfu quoted 592 yuan per ton, up about 58% from the beginning of the year and 59% from the same period last year. Everbright Securities analysed, traditional products of phosphorus chemicals, such as phosphate fertilizer, compound fertilizer and other products, showed strong demand, and the demand of international export still performed well; In terms of emerging products, domestic enterprises continue to launch capacity planning of iron phosphate, domestic supply will still be tight in the short and medium term, and the supply and demand of iron phosphate will tend to the balance in the long run.