1、 Price trend

 

According to the Commodity Market Analysis System of Shengyi Society, as of February 12th, the reference average price of 85% thermal phosphoric acid in China is 6680 yuan/ton, which is stable compared to the reference average price of 6680 yuan/ton on February 5th.

 

According to the Commodity Market Analysis System of Shengyi Society, as of February 12th, the reference average price of 85% wet process phosphoric acid in China was 7116 yuan/ton, which is 0.23% higher than the reference average of 7110 yuan/ton on February 5th.

 

2、 Market analysis

 

Market aspect

 

This week, domestic phosphoric acid prices fluctuated slightly, with thermal phosphoric acid prices fluctuating and wet process phosphoric acid prices rising slightly. As of February 12th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6600-7000 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6600-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6700-7450 yuan/ton.

 

In terms of cost

 

In terms of raw material yellow phosphorus. The market price of yellow phosphorus has slightly increased this week. Yellow phosphorus manufacturers mainly raise prices, and downstream procurement is cautious. At present, the market supply is tightening, the market demand is stable, and there is support on the supply and demand side. It is expected that in the short term, domestic yellow phosphorus prices will mainly rise.

 

Supply and demand side

 

This week, the supply and demand of the phosphoric acid market are balanced, and the market is mainly running steadily. After the holiday, the inventory of phosphoric acid in the market remained stable, and downstream replenishment was made as needed. It is expected that there will be no significant fluctuations in the short-term supply and demand side.

 

3、 Future forecast

 

Business Society’s phosphate analyst believes that the recent trend of the phosphate market has fluctuated narrowly. The price of raw material yellow phosphorus has slightly increased, and cost support has increased. The supply and demand sides are relatively balanced, and market trading is light. It is expected that the short-term acid market will mainly experience consolidation and operation.

http://www.polyglutamicacid.com