1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of August 7th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6490 yuan/ton, which is 0.15% higher than the reference average price of 6480 yuan/ton on August 1st.
According to the Commodity Market Analysis System of Shengyi Society, as of August 7th, the reference average price of 85% wet process phosphoric acid in China was 6750 yuan/ton, an increase of 0.50% compared to the reference average price of 6716 yuan/ton on August 1st.
2、 Market analysis
This week, the domestic phosphoric acid market has been in a state of price stagnation and consolidation. As of August 7th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6350-6600 yuan/ton, and the ex factory price of 85% industrial phosphoric acid in Sichuan region is around 6400-6600 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6750 yuan/ton.
Cost end
In terms of raw material yellow phosphorus. This week, the supply of yellow phosphorus in the market is tight, and market prices have risen. Yellow phosphorus enterprise owners have issued preliminary orders. The enthusiasm for downstream procurement has increased, market transactions have improved, and enterprises are mainly reluctant to sell. It is expected that the short-term yellow phosphorus market will continue to remain strong.
Raw material phosphate rock market. This week, the price of phosphate rock market has been running steadily, with tight supply in some areas and stable market demand. Downstream demand remains mainly driven by essential purchases. It is expected that domestic phosphate rock prices will remain stable in the short term.
Supply and demand side
This week, the supply and demand of the phosphoric acid market have been weak. The spot supply of phosphoric acid is tight, and market inventory is limited. The terminal demand is relatively weak, with downstream urgent replenishment as the main focus, and the market transaction atmosphere is average.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been consolidating after the recent rise in prices. The price of raw material yellow phosphorus has increased, leading to an increase in cost support. Downstream procurement is more cautious, with a focus on low price transactions. It is expected that the short-term market price of phosphoric acid will experience a narrow consolidation and operation.
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