1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of February 18th, the reference average price of 85% thermal phosphoric acid in China was 6720 yuan/ton, which is 0.60% higher than the reference average price of 6680 yuan/ton on February 12th.
According to the Commodity Market Analysis System of Shengyi Society, as of February 18th, the reference average price of 85% wet process phosphoric acid in China was 7133 yuan/ton, which is an increase of 0.23% compared to the reference average of 7116 yuan/ton on February 12th.
2、 Market analysis
Market aspect
This week, the domestic price of phosphoric acid mainly fluctuated slightly. As of February 18th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6600-7000 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6600-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6800-7500 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. The market price of yellow phosphorus has fallen this week. Some enterprises have resumed production of yellow phosphorus plants, leading to an increase in market supply. Downstream urgent replenishment, mainly low-priced procurement, and a downward shift in market transaction focus. Short term domestic yellow phosphorus prices are expected to remain weak.
Supply and demand side
The supply and demand balance in the phosphoric acid market this week. At present, there is no significant demand in the supply side of the phosphoric acid market, and the demand is relatively stable. Downstream purchases are made on demand. Expected to maintain a balance between supply and demand in the short term.
3、 Future forecast
Business Society’s phosphate analyst believes that the recent trend of the phosphate market has slightly increased. The price of raw material yellow phosphorus is relatively weak, with insufficient cost support, but market demand is still acceptable and trading is stable. It is expected that the short-term phosphoric acid market will mainly stabilize and operate smoothly.
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