1、 Price trend
According to the Commodity Market Analysis System of Business Society, as of June 28th, the reference average price of 85% thermal phosphoric acid in China was 6470 yuan/ton, which is a decrease of 1.97% compared to the reference average price of 6600 yuan/ton on June 1st.
According to the Commodity Market Analysis System of Business Society, as of June 28th, the reference average price of 85% wet process phosphoric acid in China was 6766 yuan/ton, which is a decrease of 0.73% compared to the reference average price of 6816 yuan/ton on June 1st.
2、 Market analysis
In June, the domestic phosphate market prices fluctuated and fell. As of June 28th, the market price for 85% thermal phosphoric acid in Hubei region is around 6350-6800 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6250-6800 yuan/ton.
Cost side
In terms of raw material yellow phosphorus. The price of yellow phosphorus in the market has been weak and declining this month. The market transactions are light, the trading atmosphere is poor, and downstream procurement mentality is cautious. It is expected that the domestic yellow phosphorus price will remain weak in the short term, with consolidation and operation being the main focus.
Market for raw material phosphate rock. The market price of phosphate ore has remained stable this month. The inquiry atmosphere inside the phosphate ore field is mild, and the shipment of phosphate ore in some areas is stable. It is expected that the domestic phosphate ore prices will remain stable with minor fluctuations in the short term.
Supply and demand side
At present, the phosphoric acid market has sufficient supply and a moderate trading atmosphere. The demand for phosphoric acid in the market is weak, with downstream rigid demand procurement being the main focus. Manufacturers and distributors can flexibly adjust their quotations, with a single negotiation being the main focus.
3、 Future Market Forecast
Business Society’s phosphoric acid analyst believes that the recent phosphoric acid market has seen a narrow consolidation and operation. At present, there is insufficient support for costs and demand, and there is currently no positive information in the market. It is expected that the short-term phosphoric acid market prices will remain weak and consolidate.
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