1、 Price trend
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According to the Commodity Market Analysis System of the Business Society, the reference average price of 85% hot process phosphoric acid in China on April 1st was 7991 yuan/ton. On April 30th, the reference average price of 85% hot process phosphoric acid in China was 6920 yuan/ton. This month, the domestic hot process phosphoric acid price decreased by 13.41%.
According to the Commodity Market Analysis System of the Business Society, the reference average price of 85% wet process phosphoric acid in China on April 1st was 8216 yuan/ton. On April 30th, the reference average price of 85% wet process phosphoric acid in China was 6950 yuan/ton. This month, the domestic wet process phosphoric acid price fell by 15.42%.
2、 Market analysis
The price of phosphoric acid market fell continuously in April. The market price of raw yellow phosphorus and phosphorus ore fell this month, the weak market remained, and the cost support was insufficient. Market demand is weak, trading is light, and bearish on the market is the main trend. Both cost and demand are weak, and domestic phosphoric acid prices have continuously decreased. As of April 30th, the factory quotation for 85% thermal phosphoric acid in Sichuan region is around 6600-7000 yuan/ton, the factory quotation for 85% thermal phosphoric acid in Yunnan region is around 6800 yuan/ton, and the factory quotation for 85% thermal phosphoric acid in Hubei region is around 6700-6900 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6450-7500 yuan/ton.
Market of raw material phosphate rock. In April, the domestic phosphorus ore market overall showed a weak downward trend. In early April, due to the downward trend of the yellow phosphorus market in the downstream of the industrial chain, downstream operations began at a reduced rate. The demand for phosphate ore in some regions of China became loose, and the wait-and-see atmosphere on the market was strong. Some mining companies lowered the prices of mid to high-end grade phosphate ore by around 10-30 yuan/ton. Subsequently, in mid April, the phosphorus ore market as a whole remained weak and stable, and towards the end of the month, some mining companies in Sichuan region adjusted their phosphorus ore prices downwards by around 10-20 yuan/ton.
Market situation of raw material yellow phosphorus. The price of yellow phosphorus market fell sharply in April. In the early part of this month, the manufacturer mainly issued preliminary orders and mostly did not provide external quotations. The market trading situation is light, the market wait-and-see atmosphere is strong, the enthusiasm for buying is not high, the high-end price is difficult to clinch a deal, and the market price is reduced. At the end of this month, most of the yellow phosphorus enterprises have cost inversion, and most of the enterprises in production have reduced their production load. Some enterprises have stopped production, and can still receive orders and ship goods normally. However, they do not provide external quotations, and will discuss the actual orders in detail. As of April 30th, the quotation for Sichuan region is around 24000-25000 yuan/ton, while the quotation for Guizhou region is 28000 yuan. The actual transaction is negotiated separately.
3、 Future Market Forecast
Business Society phosphoric acid analysts believe that the post holiday consolidation of the phosphoric acid market is mainly wait-and-see, with fewer downstream purchases and a weak transaction atmosphere. The market trend of raw material yellow phosphorus is still in a downward consolidation trend, and the confidence in the phosphoric acid industry is insufficient. It is expected that the price of phosphoric acid will be weak in the short term, and the main focus will be on consolidation and operation.
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