1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% thermal phosphoric acid in China was 6660 yuan/ton on December 1st, and 6630 yuan/ton on December 26th. The price of thermal phosphoric acid in China has dropped by 0.45% this month.

According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% wet process phosphoric acid in China was 6983 yuan/ton on December 1st, and 6983 yuan/ton on December 26th. The price of wet process phosphoric acid in China has remained stable this month.

2、 Market analysis

In the first half of December, the price of hot process phosphoric acid rose slightly and then remained stable, while the price of wet process phosphoric acid remained stable. The supply and demand of the phosphoric acid market are balanced, with no significant fluctuations at present. Downstream on-demand procurement leads to a sluggish market transaction atmosphere. In the second half of December, the price of hot process phosphoric acid fell weakly, while the price of wet process phosphoric acid fluctuated slightly. The raw material yellow phosphorus market has weakened, cost support has weakened, and the price of thermal phosphoric acid has been lowered. Supported by downstream demand, the wet process phosphoric acid market remains strong. As of December 26th, the ex factory price of 85 thermal phosphoric acid in Hubei region is around 6600-6850 yuan/ton, and in Sichuan region it is around 6400-6700 yuan/ton. The domestic market price for 85 wet process phosphoric acid is around 6900-7150 yuan/ton.

Raw material yellow phosphorus market. This month, the market price of yellow phosphorus has weakened and fallen. Downstream procurement is cautious, resulting in a decrease in new orders in the market. This month, the operating rate of yellow phosphorus has declined, and the market supply has decreased. At the end of the month, the market stopped falling and rose. Expected short-term consolidation of domestic yellow phosphorus prices.

3、 Future forecast

Business Society’s phosphate analyst believes that the phosphate market has been running steadily in recent days. At present, the raw material yellow phosphorus market is pushing up, but the upward space is limited. The phosphoric acid market is mainly wait-and-see, with flat market trading. It is expected that the domestic phosphoric acid market will stabilize and operate in the short term.