1、 Price trend

 

According to the Commodity Market Analysis System of Shengyi Society, as of October 28th, the reference average price of 85% industrial grade phosphoric acid in China is 6790 yuan/ton, which is 0.15% higher than the reference average price of 6780 yuan/ton on October 21st.

 

According to the Commodity Market Analysis System of Shengyi Society, as of October 28th, the reference average price of 85% wet process phosphoric acid in China is 6950 yuan/ton, which is stable compared to the reference average price of 6950 yuan/ton on October 21st.

 

2、 Market analysis

 

Market aspect

 

As of October 28th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6850-7000 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6750-7000 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6950-7050 yuan/ton.

 

In terms of cost

 

In terms of raw material yellow phosphorus. This week, the market price of yellow phosphorus has shown a strong upward trend. The market supply has decreased, and yellow phosphorus enterprises have raised their quotations, shifting the focus of transactions. Downstream on-demand procurement remains cautious towards high priced yellow phosphorus.

 

Raw material phosphate rock market. This week, the phosphate ore market is stable, with a relatively balanced supply and demand, and the market is mainly driven by essential needs. It is expected that domestic phosphate rock prices will remain stable in the short term.

 

Supply and demand side

 

This month, the supply of phosphoric acid in the market is still acceptable, and downstream procurement is mainly based on demand, with cautious procurement. At present, the supply and demand are relatively balanced, and there is no significant fluctuation in the market situation.

 

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. Downstream demand is dominant, and the market tends to adopt a wait-and-see attitude with few new orders. Short term phosphoric acid market prices are expected to experience a narrow consolidation.

http://www.polyglutamicacid.com