1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of June 11th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6760 yuan/ton, which is 0.45% higher than the reference average price of 6730 yuan/ton on June 1st.
2、 Market analysis
Market Aspects
In early June, the domestic phosphoric acid market price first suppressed and then rose. As of June 11th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6500-7000 yuan/ton, in Yunnan region it is around 6600 yuan/ton, and in Sichuan region it is around 6300-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6600-7300 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. In early June, the market price of yellow phosphorus first fell and then rose. At the beginning of the month, the supply of yellow phosphorus in the market was sufficient, and bearish sentiment dominated the market, resulting in a weak decline in yellow phosphorus prices. With the increasing demand for downstream replenishment, yellow phosphorus manufacturers are mainly raising prices, and the transaction price of yellow phosphorus in the market has increased.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been consolidating and operating recently. The price of raw material yellow phosphorus has increased, leading to an increase in cost support. The demand for phosphoric acid market is still weak, and market transactions are limited. It is expected that in the short term, the domestic phosphoric acid market prices will remain on a wait-and-see basis, and prices may rise slightly with the increase of raw materials.