Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 17th, the reference average price of 85% industrial grade phosphoric acid in China was 6,860 RMB/ton, which was stable compared to the reference average price of 6,860 RMB/ton on April 11th.

Market influencing factors

Market Aspects

The domestic phosphoric acid market prices remained stable this week. As of April 17th, the ex factory price of 85% thermal phosphoric acid in Hubei region was around 6,500-7,000 RMB/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region was around 6,900-7,100 RMB/ton. The domestic market price for 85% wet process phosphoric acid was around 6,700-7,300 RMB/ton.

In terms of cost

In terms of raw material phosphorus yellow. This week, the phosphorus yellow market has declined, with business owners mainly placing early orders. As of April 17th, there was insufficient follow-up on downstream demand, and the enthusiasm for procurement has weakened. Domestic phosphorus yellow prices are expected to weaken and consolidate in the short term.

Supply and demand side

The supply and demand balanced in the phosphoric acid market this week. As of April 17th, the supply of phosphoric acid in the market was stable, with stable shipments on the demand side and downstream procurement based on demand. It’s expected to maintain a balance between supply and demand in the short term.

Market outlook

SunSirs’ pphosphoric acide analyst believes that the phosphoric acid market has been steadily consolidating and operating in recent days. The price of raw material phosphorus yellow has been lowered, and cost support has weakened. The phosphoric acid market was temporarily adopting a wait-and-see attitude, with enterprises focusing on stabilizing prices. It is expected that the domestic phosphoric acid market will consolidate and operate in the short term due to weak raw materials.

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