Price trend

According to the Commodity Market Analysis System of SunSirs, the reference average price of 85% thermal phosphoric acid in China was 6,680 RMB/ton on February 1st, and 6,760 RMB/ton on February 28th. The price of thermal phosphoric acid in China has increased by 1.20% this month.

According to the Commodity Market Analysis System of SunSirs, the reference average price of 85% wet process phosphoric acid in China was 7,100 RMB/ton on February 1st, and 7,133 RMB/ton on February 28th. The price of wet process phosphoric acid in China has increased by 0.47% this month.

Analysis review

The phosphoric acid market has fluctuated and risen slightly this month. The market for raw material phosphorus yellow has weakened, and cost support has weakened. But the market demand was still acceptable, downstream purchases were made on demand, and the trading was stable. As of February 28th, the ex factory price of 85 thermal phosphoric acid in Hubei region was around 6,600-7,000 RMB/ton, and in Sichuan region it was around 6,550-6,800 RMB/ton. The domestic market price for 85% wet process phosphoric acid was around 6,700-7,200 RMB/ton.

Raw material phosphorus yellow market: This month, the market price of phosphorus yellow first rose and then fell. In the first half of this month, the price of phosphorus yellow increased slightly. Phosphorus yellow manufacturers were mainly raising prices, the market supply was tightening, demand was stable, and there was support on the supply and demand side. In the second half of this month, the price of phosphorus yellow began to decline. The market supply was loose, downstream demand for replenishment was high, and purchasing intentions were low, resulting in many low-priced transactions.

Market outlook

SunSirs’ phosphoric acid analyst believes that the phosphoric acid market has been consolidating and operating recently. Raw material phosphorus yellow manufacturers were mainly raising prices, and there were signs of an upward trend in the market. The phosphoric acid market remained on the sidelines, with a balanced supply and demand. It is expected that the domestic phosphoric acid market will be stable and consolidated in the short term.

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