1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of April 17th, the reference average price of 85% industrial grade phosphoric acid in China was 6860 yuan/ton, which is stable compared to the reference average price of 6860 yuan/ton on April 11th.
2、 Market analysis
Market Aspects
The domestic phosphoric acid market prices remained stable this week. As of April 17th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6500-7000 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6900-7100 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6700-7300 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the yellow phosphorus market has declined, with business owners mainly placing early orders. At present, there is insufficient follow-up on downstream demand, and the enthusiasm for procurement has weakened. Short term domestic yellow phosphorus prices are expected to weaken and consolidate.
Supply and demand side
The supply and demand balance in the phosphoric acid market this week. At present, the supply of phosphoric acid in the market is stable, with stable shipments on the demand side and downstream procurement based 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 phosphate market has been steadily consolidating and operating in recent days. The price of raw material yellow phosphorus has been lowered, and cost support has weakened. The phosphoric acid market is currently adopting a wait-and-see attitude, with enterprises focusing on stabilizing prices. It is expected that the domestic phosphoric acid market will consolidate and operate in the short term due to weak raw materials.