1、 Price trend
| Thiourea |
According to data from Business Society, as of April 14th, the reference average price of 85% thermal phosphoric acid in China was 7137 yuan/ton, which is 7450 yuan/ton compared to the reference average price on April 10th. This week, the domestic price of thermal phosphoric acid decreased by 4.19%.
According to data from Business News Agency, as of April 14th, the reference average price of 85% wet process phosphoric acid in China was 7350 yuan/ton, which is 2.22% lower than the reference average price of 7516 yuan/ton on April 10th.
2、 Market analysis
Phosphoric acid prices continued to decline this week. At present, the phosphoric acid market continues to operate weakly. Raw phosphorus ore and yellow phosphorus continue to have a weak market, with prices falling and cost support weak. Downstream demand remains weak, with a strong bearish sentiment in the market. As of April 14th, the factory quotation for 85% thermal phosphoric acid in Sichuan region is around 6850-7200 yuan/ton, the factory quotation for 85% thermal phosphoric acid in Yunnan region is around 7600 yuan/ton, and the factory quotation for 85% thermal phosphoric acid in Hubei region is around 6900-7200 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6750-8000 yuan/ton.
In terms of raw material yellow phosphorus, the price of Yunnan Guizhou yellow phosphorus market fell this week. At present, the overall market trading situation of yellow phosphorus is not good, and there is light demand on the market. Some enterprises are parking, and the operating rate of yellow phosphorus is slowly decreasing. The on-site inventory is still acceptable, and the supply and demand are still relatively stagnant. The enterprise will not provide external quotations for the time being, and the actual order will be discussed in detail. Downstream procurement is more cautious, with moderate stocking and a focus on immediate demand. As of now, the mainstream quotation is around 26000-29000 yuan/ton, and the actual transaction is negotiable.
In terms of raw phosphorus ore, the overall domestic phosphorus ore market this week was slightly weak and moving downwards. The overall downstream demand side of the domestic phosphorus ore market is showing a weakening trend. Due to the weak and downward trend of the downstream yellow phosphorus market, the trading atmosphere in the yellow phosphorus market is light, and the demand support for phosphorus ore from below has become loose. Therefore, some phosphorus ore enterprises in Yunnan region continue to lower the price of whole phosphorus ore this week, with a decrease of around 10-50 yuan/ton.
3、 Future Market Forecast
Phosphoric acid analysts from the business community believe that the current market trend of phosphoric acid raw materials is not good, and downstream demand is weak. It is expected that the price of phosphoric acid market will continue to be weak in the short term due to the uncertainty. It is suggested to wait and see the trend of raw materials.
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