1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of March 14th, the reference average price of 85% thermal phosphoric acid in China was 6600 yuan/ton, which is a decrease of 0.45% compared to the reference average price of 6630 yuan/ton on March 8th.

According to the Commodity Market Analysis System of Business Society, as of March 14th, the reference average price of 85% wet process phosphoric acid in China was 6683 yuan/ton, which is a 0.75% increase compared to the reference average price of 6633 yuan/ton on March 8th.

2、 Market analysis

The domestic phosphate market has shown mixed performance this week. The price of raw material yellow phosphorus has been lowered, resulting in insufficient cost support and a slight decrease in the price of thermal phosphoric acid. At present, the demand for thermal phosphoric acid in the market is relatively light, and the transaction atmosphere is not good. This week, the demand for wet process phosphoric acid in the market has increased, and the trading atmosphere is good. Manufacturers and distributors have raised their prices. Driven by demand, the operating rate of wet process phosphoric acid has increased.

As of March 14th, the factory quotation for 85% thermal phosphoric acid in Yunnan region is around 6600 yuan/ton, and the factory quotation for 85% thermal phosphoric acid in Hubei region is around 6500-6700 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6000-7450 yuan/ton.

In terms of raw material yellow phosphorus. This week, the focus of the yellow phosphorus market continued to decline, and the trading situation on the market was average. The manufacturer mainly issues preliminary orders, but new orders have limited transaction volume. Downstream procurement enthusiasm is poor, demand is average, and there are many cases of underpricing procurement. It is mainly wait-and-see, and the procurement is more cautious. Overall, the market situation for yellow phosphorus is relatively light. As of March 14th, the market price for yellow phosphorus is around 22500-23300 yuan/ton, and the actual transaction is negotiable.

In terms of raw material phosphate ore. This week, the overall domestic phosphate ore market is in a stable and consolidating operation after a slight increase. In some regions of China, mining companies have continued to maintain previous prices, and the overall market adjustment is limited. Downstream rigid demand procurement is the main focus, and the recovery of the end market is relatively slow, with little pressure on the supply side of phosphate ore. As of March 14th, the domestic market price for 30 grade phosphate ore is around 1000-1100 yuan/ton.

3、 Future Market Forecast

Business Society’s phosphoric acid analyst believes that the current performance of the phosphoric acid market is inconsistent, with a strong trend in wet process phosphoric acid and a weak trend in hot process phosphoric acid, and the market follows the trend of raw materials and demand. It is expected that the short-term price of thermal phosphoric acid will continue to weaken and consolidate, while the price of wet process phosphoric acid will continue to rise.