1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of January 23, the reference average price of 85% thermal phosphoric acid in China was 6680 yuan/ton, which is stable compared to the reference average price of 6680 yuan/ton on January 17.
According to the Commodity Market Analysis System of Shengyi Society, as of January 23, the reference average price of 85% wet process phosphoric acid in China was 7100 yuan/ton, which is stable compared to the reference average of 7100 yuan/ton on January 17.
2、 Market analysis
Market aspect
Domestic phosphoric acid prices remained stable this week. As of January 23rd, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6700-7000 yuan/ton, and in Sichuan region it is around 6600-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6700-7400 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the price of yellow phosphorus market is running weakly, and market trading is flat. Downstream investors are cautiously observing. At present, the market supply is decreasing, and there are maintenance plans during the Spring Festival period. The production of yellow phosphorus will continue to decline. It is expected that domestic yellow phosphorus prices will remain stable in the short term.
Supply and demand side
This week, the supply and demand of the phosphoric acid market are balanced, and the market is running steadily. The downstream pre holiday stocking task has been basically completed, but market trading is limited. It is expected that there will be no significant changes in the market before the holiday.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the recent trend of the phosphate market has been stable. The raw material market is running weakly, with average cost support. The enthusiasm for downstream procurement before the holiday has weakened, and market trading is limited. The short-term acid market is expected to remain stable and stable, with a focus on consolidation and operation.
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