1、 Price trend

According to the Commodity Market Analysis System of the Business Society, as of October 19, the reference average price of 85% thermal phosphoric acid in China was 7170 yuan/ton, which is 0.70% higher than the reference average price of 7120 yuan/ton on October 13.

According to the Commodity Market Analysis System of the Business Society, as of October 19, the reference average price of 85% wet process phosphoric acid in China was 7016 yuan/ton, which is lower than the reference average price of 7016 yuan/ton on October 13. The domestic wet process phosphoric acid price remained stable this week.

2、 Market analysis

This week, the market price of hot process phosphoric acid increased, while the price of wet process phosphoric acid remained stable. The price of raw material yellow phosphorus has risen, and cost support has strengthened. The operating rate of phosphoric acid enterprises is stable, and there is currently no change in market supply. There is no significant increase in downstream demand, and market trading is weak. Under the drive of cost, some enterprises have raised the price of phosphoric acid. As of October 19th, the factory quotation for 85% industrial grade thermal phosphoric acid in Yunnan region is around 7200 yuan/ton, the factory quotation for 85% industrial grade thermal phosphoric acid in Hubei region is around 6800-7150 yuan/ton, and the factory quotation for 85% industrial grade thermal phosphoric acid in Sichuan region is around 7000 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6450-7800 yuan/ton.

In terms of raw phosphorus ore. This week, the overall high level consolidation of the phosphorus ore market has been operating, and there has been little change in the supply and demand side of the site. The overall supply of mid to high-end grade phosphorus ore in some regions is still tight, while downstream demand remains stable, with most of the orders already in demand and pre orders. Currently, the overall price of phosphorus ore in the site has not changed much. As of October 19th, the domestic market price of 30 grade phosphate ore is around 950-1050 yuan/ton.

In terms of raw material yellow phosphorus. This week, the market price of Yungui yellow phosphorus increased. The overall market trading situation of yellow phosphorus is relatively good, with manufacturers mainly issuing preliminary orders and market prices slightly increasing. There are many downstream inquiries, making it difficult to purchase at a lower price, with manufacturers mainly pushing prices. Overall, procurement is relatively cautious, with a focus on taking what is needed and prioritizing what is needed. As of October 19th, the market quotation for yellow phosphorus is around 26200-26500 yuan/ton, and the actual transaction is negotiable.

3、 Future Market Forecast

Phosphoric acid analysts from Business Society believe that the price of phosphoric acid has slightly increased recently. The cost boost has driven up the price of thermal phosphoric acid. However, downstream demand is weak, and some dealers have not made any adjustments for shipment, resulting in limited growth in phosphoric acid. With the improvement of the yellow phosphorus market, it is expected that the short-term phosphoric acid market prices will continue to consolidate and rise.