1、 Price trend

 

According to the Commodity Market Analysis System of Shengyi Society, as of August 16th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6510 yuan/ton, which is 0.31% higher than the reference average price of 6490 yuan/ton on August 9th.

 

According to the Commodity Market Analysis System of Shengyi Society, as of August 16th, the reference average price of 85% wet process phosphoric acid in China is 6750 yuan/ton, which is stable compared to the reference average price of 6750 yuan/ton on August 9th.

 

2、 Market analysis

 

This week, the domestic hot process phosphoric acid market prices have slightly increased, while the wet process phosphoric acid market has remained stable. As of August 16th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6350-6600 yuan/ton, and the ex factory price of 85% industrial phosphoric acid in Sichuan region is around 6600 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6750 yuan/ton.

 

Cost end

 

In terms of raw material yellow phosphorus. This week, the operating rate of yellow phosphorus enterprises remained stable, and the market situation slightly declined. Yellow phosphorus enterprise owners issued preliminary orders. The enthusiasm for downstream procurement has weakened, resulting in poor market transactions. Expected short-term consolidation and operation of yellow phosphorus market.

 

Raw material phosphate rock market. This week, the market price of phosphate ore has been running steadily, with the main focus on early orders. Local supply is tight, while market demand is stable. It is expected that domestic phosphate rock prices will remain stable in the short term.

 

Supply and demand side

 

This week, the spot supply in the phosphoric acid market is tight, with limited market inventory and favorable support from the supply side. But the terminal demand is poor, downstream procurement enthusiasm is not high, and the market transaction atmosphere is average.

 

3、 Future forecast

 

Business Society’s phosphate analyst believes that the phosphate market has seen a slight increase in recent days. The price of raw material yellow phosphorus has been lowered, and cost support has weakened. The market supply is tight, and there is some support on the supply side. It is expected that the short-term market price of phosphoric acid will mainly operate in a narrow range of consolidation.

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