1、 Price trend

 

According to the Commodity Market Analysis System of Shengyi Society, as of December 9th, the reference average price of 85% thermal phosphoric acid in China was 6680 yuan/ton, which is 0.30% higher than the reference average price of 6660 yuan/ton on December 2nd.

 

According to the Commodity Market Analysis System of Shengyi Society, as of December 9th, the reference average price of 85% wet process phosphoric acid in China is 6983 yuan/ton, which is stable compared to the reference average of 6983 yuan/ton on December 2nd.

 

2、 Market analysis

 

Market aspect

 

This week, the domestic price of hot process phosphoric acid has slightly increased, while the price of wet process phosphoric acid has remained stable. As of December 9th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6600-6950 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6600-6900 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6650-7100 yuan/ton.

 

In terms of cost

 

In terms of raw material yellow phosphorus. This week, the price of yellow phosphorus in the market remained weak and stable. At present, the trading atmosphere in the market is light, with manufacturers mainly offering high prices and downstream purchasing at low prices. It is expected that the domestic yellow phosphorus price will remain stagnant and operate in the short term.

 

Raw material phosphate rock market. This week, the phosphate ore market has remained stable and continues to operate at a high level. At present, the market supply is tight, and the shipment of phosphate ore is stable. It is expected that domestic phosphate rock prices will remain firm in the short term.

 

Supply and demand side

 

This week, the supply and demand of the phosphoric acid market are balanced, with the main focus on issuing preliminary orders. Downstream on-demand procurement, with a strong wait-and-see attitude. Wet process phosphoric acid supply is tight, and there is some support on the supply side.

 

3、 Future forecast

 

Business Society’s phosphate analyst believes that the phosphate market has recently undergone a narrow adjustment. At present, the raw material yellow phosphorus market is stable but weak, with average cost support, and the phosphoric acid market is mainly on a wait-and-see basis. It is expected that the short-term phosphoric acid market will mainly stabilize and operate smoothly.

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