1、 Price trend

According to the Commodity Market Analysis System of the Business Society, as of November 21, the reference average price of 85% thermal phosphoric acid in China was 7100 yuan/ton, which is 7080 yuan/ton compared to the reference average price on November 14. This week, the domestic price of thermal phosphoric acid increased by 0.28%.

According to the Commodity Market Analysis System of the Business Society, as of November 21, the reference average price of 85% wet process phosphoric acid in China was 6900 yuan/ton, which is 6883 yuan/ton compared to the reference average price on November 14. This week, the domestic wet process phosphoric acid price increased by 0.24%.

2、 Market analysis

The phosphoric acid market price fluctuated slightly this week. The price of raw material yellow phosphorus has weakened, and the cost support for thermal phosphoric acid is insufficient. The price of raw material phosphate rock has increased, and the cost of wet process phosphoric acid still has support. At present, the operating rate of phosphoric acid enterprises is stable, and downstream procurement is on demand. There are relatively few market inquiries, and the industry is mainly wait-and-see. As of November 21st, the factory quotation for 85% industrial grade thermal phosphoric acid in Yunnan region is around 7300 yuan/ton, while the factory quotation for 85% industrial grade thermal phosphoric acid in Hubei region is around 6600-7300 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6250-7650 yuan/ton.

In terms of raw phosphorus ore, the domestic phosphorus ore market overall remained stable and slightly upward again this week. Some mining enterprises in Guizhou region have raised the prices of mid to high-end grade phosphate rock in a narrow range, with an increase of about 20-30 yuan/ton. As a result, the supply of low-priced goods on site has decreased, and the price difference between high and low prices has narrowed. As of November 21st, the domestic market price for 30 grade phosphate ore is around 1000 to 1100 yuan/ton, with higher prices around 1150 yuan/ton.

In terms of raw material yellow phosphorus. The domestic yellow phosphorus market price has been lowered this week. The overall market trading situation of yellow phosphorus is light, and many yellow phosphorus enterprises have suspended external quotations. Enterprise quotations are mainly firm. The quotation in the yellow phosphorus market has loosened slightly, and downstream procurement is still cautious, with more wait-and-see trends and a focus on just demand. As of now, the quoted price in the yellow phosphorus market is around 25680-27300 yuan/ton, and the actual transaction is subject to negotiation.

3、 Future Market Forecast

Phosphoric acid analysts from Business Society believe that there has been a slight adjustment in the price of phosphoric acid recently. The market for raw material yellow phosphorus has weakened, and the cost support for thermal phosphoric acid has weakened. Downstream demand performance is poor, with on-demand procurement being the main focus. It is expected that the short-term phosphoric acid market will operate weakly, with narrow adjustments being the main focus.