1、 Price trend

According to the commodity market analysis system of the business community, as of June 16, the reference average price of 85% thermal phosphoric acid in China was 6230 yuan/ton, which was 1.74% lower than the reference average price of 6340 yuan/ton on June 12.

According to the Commodity Market Analysis System of the Business Society, as of June 16, the reference average price of 85% wet process phosphoric acid in China was 6250 yuan/ton, which is lower than the reference average price of 6250 yuan/ton on June 12. The domestic wet process phosphoric acid price remained stable this week.

2、 Market analysis

The price of phosphoric acid in the market fell this week. The price of raw material yellow phosphorus has been lowered, and cost support has weakened. The willingness to stock downstream is not strong, so it is mainly wait-and-see. The market trading volume is poor and transactions are relatively low. As of June 16, the ex factory quotation of 85% thermal phosphoric acid in Yunnan was about 6100 yuan/ton, that of 85% thermal phosphoric acid in Hubei was about 6000-6300 yuan/ton, and that of 85% thermal phosphoric acid in Sichuan was about 6200 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 5550-6700 yuan/ton.

In terms of raw material yellow phosphorus, the market price of Yungui yellow phosphorus has been lowered this week. At present, the overall market trading situation of yellow phosphorus is average, with an increase in market inquiries but relatively few transactions. Downstream enterprises are cautious in procurement and mainly focus on just in demand procurement. The manufacturer mainly issues preliminary orders, and the on-site inventory is still acceptable. The enterprise will not provide external quotations for the time being, and will discuss the actual order in detail. As of now, the quotation is around 22800-23000 yuan/ton, and the actual transaction is subject to negotiation.

In terms of raw phosphorus ore, the overall domestic phosphorus ore market showed a slight decline this week. Some mining companies in China that reported higher prices in the early stage have slightly lowered the price of phosphate ore, with a reduction of around 10-20 yuan/ton, driving the overall focus of the phosphate ore market to decline slightly. As of June 15, the market price of 30% grade phosphorus ore in China is around 950-1080 yuan/ton.

3、 Future Market Forecast

Phosphoric acid analysts from Business Society believe that the price of phosphoric acid has continued to decline this week, resulting in poor market trading conditions. At present, the market for raw material yellow phosphorus is unstable, and downstream demand is weak. The phosphoric acid market is mainly cautious and wait-and-see. It is expected that the market price of phosphoric acid will slightly adjust and operate in the short term.