1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of April 8th, the reference average price of 85% thermal phosphoric acid in China was 6540 yuan/ton, which is lower than the reference average price of 6540 yuan/ton on April 1st. This week, the domestic price of thermal phosphoric acid remained stable.

2、 Market analysis

This week, the domestic phosphoric acid market prices have been sorted and operated. The price of raw material yellow phosphorus has slightly increased, with support from the cost side. The demand for hot process phosphoric acid in the market is limited, and downstream purchases are made on demand. The atmosphere for wet process phosphoric acid delivery has improved. As of April 8th, the market price of 85% thermal phosphoric acid in Yunnan region is around 6600 yuan/ton, and the market price of 85% thermal phosphoric acid in Hubei region is around 6300-6800 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6100-6800 yuan/ton.

In terms of raw material yellow phosphorus. The yellow phosphorus market has slightly increased this week. At present, the trading situation in the yellow phosphorus market is average. Yellow phosphorus manufacturers have a low intention to accept orders at low prices, with manufacturers mainly offering high prices. Downstream procurement is cautious, with demand being the main focus. Take as much as you need and wait and see. Overall, the market situation for yellow phosphorus is average. As of now, the market quotation for yellow phosphorus is around 22600-22800 yuan/ton, and the actual transaction is negotiable.

In terms of raw material phosphate ore. The phosphate ore market has been operating steadily this week. At present, the overall trading volume in the domestic phosphate ore market is light, and downstream new orders for phosphate ore are mainly for rigid demand procurement, with the market waiting for demand to be released. As of April 8th, the reference price for domestic phosphate ore market is around 1062 yuan/ton.

3、 Future Market Forecast

Business Society Phosphorus Acid Analyst believes that after the holiday, the price of raw material yellow phosphorus will strengthen, and cost support will improve. It is expected that the short-term phosphoric acid market prices will remain stable with an upward trend. It is recommended to pay attention to changes in costs and demand.