1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of March 6th, the reference average price of 85% industrial grade phosphoric acid in China was 6730 yuan/ton, which is 0.44% lower than the reference average price of 6760 yuan/ton on March 1st.

According to the Commodity Market Analysis System of Shengyi Society, as of March 6th, the reference average price of 85% wet process phosphoric acid in China was 6900 yuan/ton, which is 3.27% lower than the reference average of 7133 yuan/ton on March 1st.

2、 Market analysis

Market Aspects

This week, the domestic phosphoric acid market has remained stable with small fluctuations, and prices have fallen in some regions. As of March 6th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6550-6950 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6550-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6550-6900 yuan/ton.

In terms of cost

In terms of raw material yellow phosphorus. The market price of yellow phosphorus has risen this week. The supply of yellow phosphorus in the market is tight, and there is a strong willingness to raise prices in the market. Manufacturers are mainly reluctant to sell. It is expected that the domestic yellow phosphorus prices will strengthen and consolidate in the short term.

Raw material phosphate rock market. The phosphate ore market has remained stable this week, maintaining a high and steady operation. At present, the market supply and demand are balanced, and market trading is stable. It is expected that domestic phosphate rock prices will continue to operate steadily in the short term.

3、 Future forecast

The phosphoric acid analyst from Shengyi Society believes that the phosphoric acid market has been stable with small fluctuations in recent days. The price of raw material yellow phosphorus has increased, leading to an increase in cost support. The phosphoric acid market maintains a cautious and wait-and-see attitude, mainly digesting early orders, with limited market transactions. It is expected that the domestic phosphoric acid market will consolidate and operate in the short term.