1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of September 11th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6710 yuan/ton, which is 0.15% higher than the reference average price of 6700 yuan/ton on September 5th.
2、 Market analysis
Market Aspects
This week, the domestic phosphoric acid market prices have slightly increased. As of September 11th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6450-6850 yuan/ton, in Yunnan region it is around 6500 yuan/ton, and in Sichuan region it is around 6400-6800 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the market price of raw material yellow phosphorus remained stable and stable. At present, the supply of yellow phosphorus in the market is sufficient, and the number of new orders in the market is limited. The demand side is relatively weak, and many adopt a cautious and wait-and-see attitude. It is expected that the price of yellow phosphorus will remain stagnant and operate in the short term.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been stabilizing recently. The main focus is on the consolidation of raw material yellow phosphorus, and there is currently no significant fluctuation in cost. The phosphoric acid market has stable trading and downstream purchases are made on demand. It is expected that the domestic phosphoric acid market will remain stable in the short term.