1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of September 10th, the reference average price of 85% industrial grade phosphoric acid in China was 6770 yuan/ton, which is 1.96% higher than the reference average price of 6640 yuan/ton on September 1st.
According to the Commodity Market Analysis System of Shengyi Society, as of September 10th, the reference average price of 85% wet process phosphoric acid in China was 6983 yuan/ton, which is 1.95% higher than the reference average price of 6850 yuan/ton on September 1st.
2、 Market analysis
The domestic phosphoric acid market rose in early September. As of September 10th, the delivery price of 85% industrial phosphoric acid in Hubei region is around 6850-7000 yuan/ton, and the ex factory quotation of 85% thermal phosphoric acid in Sichuan region is around 6850 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6983 yuan/ton.
Cost end
In terms of raw material yellow phosphorus. This week, the price of yellow phosphorus in the market has risen, and market sentiment is high. Manufacturers’ quotes are firm, and specific transaction negotiations are the main focus. It is expected that the short-term yellow phosphorus market will continue to consolidate and operate at a high level.
Raw material phosphate rock market. This week, the market price of phosphate ore has been operating at a high level, with tight supply in some areas. The main focus is on issuing preliminary orders. It is expected that domestic phosphate rock prices will remain stable in the short term.
Supply and demand side
This week, the spot supply of phosphoric acid in the market remains tight, and some wet process phosphoric acid units have been shut down for maintenance and have not been restored. The market supply has decreased, and there is positive support from the supply side. Pre holiday downstream stocking is active, and currently the supply and demand of the phosphoric acid market are balanced.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the phosphate market has stabilized after the recent rise in prices. At present, the raw material market is strong at a high level, with strong cost support, and the spot market is still tight. It is expected that the short-term phosphoric acid market will mainly operate with strong prices.
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