1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of November 26th, the reference average price of 85% thermal phosphoric acid in China was 6670 yuan/ton, which is 1.04% lower than the reference average price of 6740 yuan/ton on November 20th.
According to the Commodity Market Analysis System of Shengyi Society, as of November 26th, the reference average price of 85% wet process phosphoric acid in China was 6983 yuan/ton, which is 0.24% lower than the reference average of 7000 yuan/ton on November 20th.
2、 Market analysis
Market aspect
The domestic phosphoric acid market is trending downwards this week. As of November 26th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6450-6800 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6650-6850 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6950-7150 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the price of yellow phosphorus in the market has weakened and fallen. At present, the trading atmosphere in the market is light, with limited market transactions and an increasing downstream mentality of buying up rather than buying down. Short term domestic yellow phosphorus prices are expected to weaken and consolidate.
Raw material phosphate rock market. This week, the phosphate ore market has remained stable, maintaining a high level of temporary stability. Downstream on-demand procurement ensures stable shipment of phosphate ore. It is expected that domestic phosphate rock prices will remain stable in the short term.
Supply and demand side
This week, the spot supply of phosphoric acid in the market is still acceptable, but the demand is flat. The main focus is on issuing preliminary orders. Downstream on-demand procurement, most still maintain a wait-and-see attitude. There is currently no significant fluctuation in short-term market supply and demand.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been declining recently. The price of raw material yellow phosphorus has been lowered, and the cost support is insufficient. Downstream urgent procurement has led to a strong wait-and-see atmosphere in the market, resulting in a decrease in trading volume. It is expected that in the short term, the phosphoric acid market will observe the trend of raw materials and focus on weak prices and consolidation operations.
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