1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% industrial grade phosphoric acid in China was 6630 yuan/ton on October 30th, and 6670 yuan/ton on October 1st. This month, the price of 85% industrial grade phosphoric acid in China has dropped by 0.60%.
2、 Market analysis
This month, the domestic phosphoric acid market first fell and then rose. In the first half of this month, the phosphoric acid market was running weakly. The price of raw material yellow phosphorus has been lowered, and the cost support is insufficient. The market situation of phosphoric acid has followed the downward trend of raw materials. There are relatively few inquiries and light trading in the phosphoric acid market. At the end of this month, the domestic phosphoric acid market prices rose. The price of raw material yellow phosphorus has increased, leading to an increase in cost support. The optimistic attitude of the phosphoric acid market has increased, and manufacturers are mainly pushing prices.
market conditions
As of October 30th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6300-6700 yuan/ton, in Sichuan region it is around 6250-6700 yuan/ton, and in Yunnan region it is around 6400 yuan/ton.
Raw material market
Raw material yellow phosphorus market. This month, the yellow phosphorus market experienced a decline followed by an increase. In the first half of this month, the market price of yellow phosphorus fell. The supply of yellow phosphorus in the market is loose, and downstream demand replenishment is mainly based on low-priced purchases. In the second half of this month, the market price of yellow phosphorus increased. The low-priced supply of yellow phosphorus in the market is relatively scarce, and the manufacturer’s quotation is firm, resulting in an increase in market transaction prices.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the phosphate market has been strong and rising recently. The raw material yellow phosphorus market is strengthening, with support on the cost side, but the upward space is limited. At present, the trading in the phosphoric acid market is stable, and downstream demand for replenishment is urgent. It is expected that in the short term, the domestic phosphoric acid market will mainly focus on consolidation and operation.