1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of December 11th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6870 yuan/ton, which is 0.15% higher than the reference average price of 6860 yuan/ton on December 5th.
2、 Market analysis
Market aspect
The market price of phosphoric acid has slightly increased this week. As of December 11th, the factory price of 85% industrial phosphoric acid in Hubei region is around 6800-7000 yuan/ton, in Yunnan region it is around 6600-6900 yuan/ton, and in Sichuan region it is around 6750-7000 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. The market price of raw material yellow phosphorus has risen this week. The supply of yellow phosphorus in the market has decreased, and many manufacturers are holding a reluctance to sell, focusing on raising prices. As a result, the transaction price of yellow phosphorus has increased. Downstream procurement based on demand, with a focus on cautious observation.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the recent trend of the phosphate market is stable and upward. The price of raw material yellow phosphorus has risen, and cost support has increased. At present, the supply and demand of the phosphoric acid market are stable, and downstream purchases are made on demand. It is expected that the short-term domestic phosphoric acid market will be dominated by strong consolidation.