Price trend

According to the Commodity Market Analysis System of SunSirs, as of March 6th, the reference average price of 85% industrial grade phosphoric acid in China was 6,730 RMB/ton, which was 0.44% lower than the reference average price of 6760 RMB/ton on March 1st.

According to the Commodity Market Analysis System of SunSirs, as of March 6th, the reference average price of 85% wet process phosphoric acid in China was 6,900 RMB/ton, which was 3.27% lower than the reference average of 7,133 RMB/ton on March 1st.

Analysis review

Market side:

This week, the domestic phosphoric acid market has remained stable with small fluctuations, and prices have fallen in some regions. As of March 6th, the ex factory price of 85% thermal phosphoric acid in Hubei region was around 6,550-6,950 RMB/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region was around 6,550-6,800 RMB/ton. The domestic market price for 85% wet process phosphoric acid was around 6,550-6,900 RMB/ton.

In terms of cost

In terms of raw material phosphorus yellow: The market price of phosphorus yellow has risen this week. The supply of phosphorus yellow in the market was tight, and there was a strong willingness to raise prices in the market. Manufacturers were mainly reluctant to sell. It is expected that the domestic yellow phosphorus prices will consolidate and strengthen in the short term.

Raw material phosphate rock market: The phosphate rock market has remained stable this week, maintaining a high and steady operation. As of March 6th, the market supply and demand were balanced, and market trading was stable. It is expected that domestic phosphate rock prices will continue to operate steadily in the short term.

Market outlook

The phosphoric acid analyst from SunSirs believes that the phosphoric acid market has been stable with small fluctuations in recent days. The price of raw material phosphorus yellow has increased, leading to an increase in cost support. The phosphoric acid market maintained a cautious and wait-and-see attitude, mainly digesting early orders, with limited market transactions. It is expected that the domestic phosphoric acid market will consolidate and operate in the short term.

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