1、 Price trend

 

According to the Commodity Market Analysis System of Shengyi Society, as of September 20th, the reference average price of 85% industrial grade phosphoric acid in China was 6790 yuan/ton, which is 0.30% higher than the reference average price of 6770 yuan/ton on September 11th.

 

According to the Commodity Market Analysis System of Shengyi Society, as of September 20th, the reference average price of 85% wet process phosphoric acid in China was 7033 yuan/ton, which is 0.72% higher than the reference average price of 6983 yuan/ton on September 11th.

 

2、 Market analysis

 

The domestic phosphoric acid market saw a slight increase in mid September. As of September 20th, 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 6750-6900 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 7033 yuan/ton.

 

Cost end

 

In terms of raw material yellow phosphorus. In mid September, the price of raw material yellow phosphorus slightly decreased due to lack of market confidence and increased wait-and-see sentiment. Specific transaction negotiations are underway. It is expected that the short-term yellow phosphorus market will mainly focus on consolidation and operation.

 

Raw material phosphate rock market. In mid September, the market price of phosphate rock remained stable at a high level, with tight supply in some areas, and the main focus was on issuing preliminary orders. It is expected that domestic phosphate rock prices will remain stable in the short term.

 

Supply and demand side

 

In mid September, some wet process phosphoric acid plants resumed production and market supply increased. Before the holiday, downstream companies began actively stocking up, and the market urgently needed support. At present, the phosphoric acid market maintains a supply-demand balance.

 

3、 Future forecast

 

The phosphate analyst from Shengyi Society believes that the phosphate market has experienced narrow fluctuations in recent days. At present, the raw material phosphate rock remains strong at a high level, while the raw material yellow phosphorus market is weakening, and the market supply and demand are stable. It is expected that the short-term phosphoric acid market price will remain stagnant and operate mainly.

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