Price trend

According to the Commodity Market Analysis System of SunSirs, as of December 20th, the reference average price of 85% thermal phosphoric acid in China was 6,660 RMB/ton, which was 0.30% lower than the reference average price of 6,680 RMB/ton on December 13th.

According to the Commodity Market Analysis System of SunSirs, as of December 20th, the reference average price of 85% wet process phosphoric acid in China was 7,000 RMB/ton, which was an increase of 0.24% compared to the reference average of 6,983 RMB/ton on December 13th.

Analysis review

Market side: This week, the domestic price of thermal phosphoric acid slightly decreased, while the price of wet process phosphoric acid had slightly increased. As of December 20th, the ex factory price of 85% thermal phosphoric acid in Hubei region was around 6,600,-6,800 RMB/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region was around 6,400-6,600 RMB/ton. The domestic market price for 85% wet process phosphoric acid was around 6,650-7,150 RMB/ton.

In terms of cost: In terms of raw material phosphorus yellow. This week, the price of phosphorus yellow in the market has weakened and fallen. Downstream procurement is cautious, with a decrease in new orders in the market, and business owners mainly issuing preliminary orders. This week, the operating rate of phosphorus yellow has declined and the market supply has decreased. It is expected that domestic phosphorus yellow prices will stabilize in the short term.

Raw material phosphate rock market. The phosphate rock market has remained stable this week, maintaining a high and steady operation. At present, the market supply was still tight, downstream demand was stable, and market trading was good. It is expected that domestic phosphate rock prices will continue to operate steadily in the short term.

In terms of supply and demand: The supply and demand of the phosphoric acid market are balanced this week, with no significant fluctuations as of December 20th. Downstream phosphorus yellow procurement was mainly on demand, market trading atmosphere was light. As as of December 20th., the market supply was stable, and there is no significant change in the supply and demand side.

Market outlook

SunSirs’' phosphoric acid analyst believes that there has been a slight adjustment in the phosphoric acid market recently. The raw material phosphorus yellow market has weakened, cost support has weakened, and the price of thermal phosphoric acid has been lowered. Due to downstream demand support, the wet process phosphoric acid market remains strong. It is expected that the short-term acid market will mainly experience a narrow consolidation.

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