1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% industrial thermal phosphoric acid in China was 6730 yuan/ton on May 30th, and 6870 yuan/ton on May 1st. This month, the price of 85% industrial thermal phosphoric acid in China has dropped by 2.04%.
2、 Market analysis
This month, the market price of phosphoric acid has been weak and declining. This month, the price of raw material yellow phosphorus has decreased, and cost support has weakened. Phosphoric acid has also decreased in line with the raw material market. The trading in the phosphoric acid market is flat, and downstream demand for replenishment is urgent. At present, the phosphoric acid market is mainly wait-and-see, with average new order transactions.
As of May 30th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6400-6700 yuan/ton, in Sichuan region it is around 6400-6600 yuan/ton, and in Yunnan region it is around 6600 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6700-7300 yuan/ton.
Raw material yellow phosphorus market. The yellow phosphorus market has declined this month, with bearish sentiment dominating the market. The yellow phosphorus market has sufficient supply and light trading. Poor terminal demand, reduced downstream inquiries, and weakened purchasing intentions.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been steadily consolidating and operating in recent days. The raw material yellow phosphorus market is weak and lacks cost support. The trading atmosphere in the phosphoric acid market is poor, with a focus on observing the trend of raw materials. It is expected that the domestic phosphoric acid market will weaken and consolidate in the short term.