1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of February 4th, the reference average price of 85% thermal phosphoric acid in China was 6410 yuan/ton, which is 0.31% lower than the reference average price of 6430 yuan/ton on January 29th.

According to the Commodity Market Analysis System of Business Society, as of February 4th, the reference average price of 85% wet process phosphoric acid in China was 6366 yuan/ton, which is lower than the reference average price of 6366 yuan/ton on January 29th. The domestic wet process phosphoric acid price remained stable this week.

2、 Market analysis

This week, the price of hot process phosphoric acid slightly decreased, while the price of wet process phosphoric acid remained stable. The raw material prices have remained stable this week, and there have been no fluctuations in the cost side for the time being. At present, phosphoric acid factories and downstream enterprises are gradually on vacation, leading to a decrease in market supply and a weakening demand for terminal replenishment. As of February 4th, the factory price of 85% thermal phosphoric acid in Yunnan region is around 6600 yuan/ton, and the factory price of 85% thermal phosphoric acid in Hubei region is around 5950-6700 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 5450-6950 yuan/ton.

Market for raw material yellow phosphorus. This week, the domestic yellow phosphorus market prices remained stable, with pre holiday market trading approaching its end and few new orders. As of February 4th, the market price for yellow phosphorus is around 24000 yuan/ton, and the actual transaction is negotiable.

In terms of raw material phosphate ore. The overall supply and demand adjustment of phosphate ore is not significant this week. As the Spring Festival approaches, the downstream stocking and winter storage of phosphate ore have come to an end, and the market has remained stable and organized. The fluctuation of phosphate ore market is relatively small, and the overall market is relatively quiet. As of February 4th, the domestic market price for 30 grade phosphate ore is around 1030-1100 yuan/ton.

3、 Future Market Forecast

The phosphoric acid analyst from Business Society believes that the phosphoric acid market has been stabilizing recently. The shutdown of phosphoric acid enterprises has begun to increase, and downstream replenishment demand has weakened. It is expected that the short-term phosphoric acid market prices will remain stable and operate steadily.