1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of July 16th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6440 yuan/ton, which is 0.31% lower than the reference average price of 6460 yuan/ton on July 8th.
According to the Commodity Market Analysis System of Shengyi Society, as of July 16th, the reference average price of 85% wet process phosphoric acid in China was 6666 yuan/ton, which is stable compared to the reference average price of 6666 yuan/ton on July 8th.
2、 Market analysis
This week, the domestic phosphoric acid market has been in a state of price stagnation and consolidation. As of July 16th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6300-6600 yuan/ton, and the ex factory price of 85% industrial phosphoric acid in Sichuan region is around 6300-6500 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6600 yuan/ton.
Cost end
In terms of raw material yellow phosphorus. This week, the yellow phosphorus market has been weakly consolidating and operating. The increase in enterprise operating rate and market supply. Downstream price cutting procurement is the main focus, and the focus of transactions is decreasing. Short term domestic yellow phosphorus prices are expected to remain weak.
Raw material phosphate rock market. The market price of phosphate ore has been running steadily this month. The inquiry atmosphere in the phosphate rock field is mild, with downstream urgent procurement being the main focus. It is expected that domestic phosphate rock prices will remain stable in the short term.
Supply and demand side
At present, the supply of hot process phosphoric acid in the market is stable, while some wet process phosphoric acid manufacturers have undergone equipment maintenance, resulting in a decrease in market supply. However, there is still support on the supply side. At present, the market demand is average, with downstream essential procurement being the main focus, and many adopt a wait-and-see attitude.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been steadily consolidating in recent days. The market for raw material yellow phosphorus is weakening, and there is insufficient support on the cost side of hot acid, while there is still support on the supply and demand side of wet acid. Downstream and distributors operate cautiously, and terminal demand needs to be improved. It is expected that the short-term market price of phosphoric acid will experience a narrow consolidation and operation.
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