1、 Price trend
According to the Commodity Market Analysis System of Business Society, the reference average price of 85% hot process phosphoric acid in China on June 1st was 6220 yuan/ton. On June 30th, the reference average price of 85% hot process phosphoric acid in China was 6300 yuan/ton. This month, the domestic hot process phosphoric acid price increased by 1.29%.
According to the Commodity Market Analysis System of Business Society, the reference average price of 85% wet process phosphoric acid in China was 5983 yuan/ton on June 1st, and 6200 yuan/ton on June 30th. This month, the domestic wet process phosphoric acid price increased by 3.62%.
2、 Market analysis
This month, the price of phosphoric acid in the market fluctuated and fluctuated. In early June, the price of raw material yellow phosphorus increased, cost support strengthened, and the increase in raw material prices boosted the upward trend of the phosphoric acid market. In mid June, the price of raw material yellow phosphorus decreased, and cost support weakened. Downstream stocking willingness is not strong, market trading is poor, and transactions are relatively low. The market price of phosphoric acid has been lowered. In late June, the raw material yellow phosphorus was operating steadily and steadily, with acceptable cost support. Phosphoric acid companies mainly raised prices, and prices fluctuated and increased. As of June 30, the ex factory quotation of 85% thermal phosphoric acid in Sichuan was about 6200 yuan/ton, that of 85% thermal phosphoric acid in Yunnan was about 6300 yuan/ton, and that of 85% thermal phosphoric acid in Hubei was about 6200 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6000-6700 yuan/ton.
The raw material phosphate rock market has shown a weak decline overall in the domestic phosphate rock market this month. Starting from the beginning of the month, due to the weak downstream demand for phosphate ore, the overall shipment of phosphate ore has slowed down, and the mentality of the industry is average. Some mining companies have started to lower the price of phosphate ore shipments, with a decrease of around 20-30 yuan/ton. Due to the impact of shipments, some mining enterprises have added average new orders, so there is some pressure on the supply side, and the support provided by the supply side to the market is gradually loosening. In the later stages, the phosphorus ore market continues to move downward in the supply-demand game, with a 30% grade phosphate ore price reduction of around 40-60/ton.
Market situation of raw material yellow phosphorus. In June, the market price of yellow phosphorus first rose and then fell, with the overall increase being the main trend. In the early part of this month, manufacturers mainly placed preliminary orders, but there was not much inventory on the market and they were reluctant to sell at low prices, resulting in an overall increase in the market situation. In the middle of the month, the overall market trading situation of yellow phosphorus was light, and the start of construction in the yellow phosphorus market was still at a low level. Some enterprises postponed driving, and market transactions were limited, with prices slightly falling. At present, most of the yellow phosphorus production enterprises are reducing their production load in the latter half of the year, with stable prices as the main focus. Downstream procurement is based on demand and can be taken as needed. As of now, the quotation in Sichuan region is around 22800-23000 yuan/ton, and the actual transaction is subject to negotiation.
3、 Future Market Forecast
Phosphoric acid analysts from Business Society believe that the market for raw material yellow phosphorus has been stable recently, and the supply of goods is currently tight, leading to an increase in market inquiries. The phosphoric acid market is watching the trend of raw materials, and the market is operating at a high price. Downstream demand is weak, and market transactions are relatively low. It is expected that the short-term price of phosphoric acid will stabilize and operate mainly.
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