Price trend

According to the Commodity Market Analysis System of SunSirs, as of January 17th, the reference average price of 85% thermal phosphoric acid in China was 6,680 RMB/ton, which was stable compared to the reference average price of 6,680 RMB/ton on January 13th.

According to the Commodity Market Analysis System of SunSirs, as of January 17th, the reference average price of 85% wet process phosphoric acid in China was 7,100 RMB/ton, which was stable compared to the reference average of 7,100 RMB/ton on January 13th.

Analysis review

Market side:

Domestic phosphoric acid prices remained stable this week. As of January 17th, the ex factory price of 85% thermal phosphoric acid in Hubei region was around 6,700-7,000 RMB/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region was around 6,600-6,800 RMB/ton. The domestic market price for 85% wet process phosphoric acid was around 6,800-7,400 RMB/ton.

In terms of cost

In terms of raw material phosphorus yellow: This week, the phosphorus yellow market prices have been running weakly. The operating rate of phosphorus yellow enterprises has decreased this week. Downstream procurement made at price cutting, market inquiries was limited, and market trading atmosphere was sluggish. It is expected that domestic phosphorus yellow prices will remain weak and stable in the short term.

Supply and demand side

This week, the supply and demand balance in the phosphoric acid market has not experienced significant fluctuations. Downstream on-demand procurement, market trading atmosphere was light. As of January 17th, the market supply was stable, and there was no significant change in the supply and demand side.

Market outlook

The phosphoric acid analyst from SunSirs believes that the recent trend of the phosphoric acid market has been stable. The raw material phosphorus yellow market was running weakly, with average cost support. Downstream procurement was on-demand with limited market transactions. It is expected that the phosphoric acid market will be stably consolidated in the short term.

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