1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of August 14th, the reference average price of 85% thermal phosphoric acid in China was 6640 yuan/ton, which is 0.60% lower than the reference average price of 6680 yuan/ton on August 7th.

According to the Commodity Market Analysis System of the Business Society, as of August 14th, the reference average price of 85% wet process phosphoric acid in China was 6600 yuan/ton, which is 6433 yuan/ton compared to the reference average price on August 7th. This week, the domestic wet process phosphoric acid price increased by 2.59%.

2、 Market analysis

The market price of thermal phosphoric acid fluctuated narrowly this week. The price of raw material yellow phosphorus is stable, and the cost still has support. Downstream demand is average, procurement is relatively cautious, and the thermal phosphoric acid market is stagnant. As of August 14th, the factory quotation for 85% thermal phosphoric acid in Yunnan region is around 6700 yuan/ton, while the factory quotation for 85% thermal phosphoric acid in Hubei region is around 6500-6900 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 5800-7500 yuan/ton.

In terms of raw material yellow phosphorus, the market price of Yungui yellow phosphorus remained stable this week. At present, the overall market trading situation of yellow phosphorus is acceptable, with stable enterprise operations and tight market supply. Downstream procurement is on demand. As of August 14th, the quotation for yellow phosphorus is around 24000-24200 yuan/ton, and the actual transaction is subject to negotiation.

3、 Future Market Forecast

Business Society phosphoric acid analysts believe that recent transactions in the phosphoric acid market have been flat, there is still support on the cost side, and terminal demand needs to be released. Downstream caution is the main focus. It is expected that the phosphoric acid market price will remain stagnant in the short term, and it is recommended to pay attention to changes in raw material prices.