Price trend

According to the monitoring data of SunSirs, the market price of thermal-process phosphoric acid fell continuously this week. As of November 3, the average market price of 85% industrial grade phosphoric acid in China was 9,240 RMB/ton, which was 6.10% lower than the average price of 9,840 RMB/ton on October 28.

According to the monitoring data of SunSirs, the market price of wet process phosphoric acid decreased slightly this week. As of November 3, the average market price of 85% wet process phosphoric acid in China was 9,316 RMB/ton, which was 0.36% lower than the average price of 9,350 RMB/ton on October 28.

Analysis review

Mainstream market:

As of November 3, the ex factory quotation of 85% thermal-process phosphoric acid in Sichuan was about 9,100 RMB/ton, that of 85% thermal-process phosphoric acid in Yunnan was about 9,500 RMB/ton, and that of 85% thermal-process phosphoric acid in Hubei was about 9,000 RMB/ton. As of November 3, the market quotation of 85 wet process phosphoric acid in Hubei was 8,850-9,600 RMB/ton, and that in Nanjing was 9,700 RMB/ton.

Cost side:

In terms of raw material phosphorus yellow, the phosphorus yellow market continued to weaken this week, mainly the downward trend. Downstream delivery slowed down, inquiries increased, and the actual transaction was cautious. The quotation of most manufacturers was suspended, and the actual transaction price in the market declined. The actual transaction was mainly discussed on a single basis, mainly for old customers. In terms of raw phosphate rock, the phosphate rock market was stable and slightly dynamic this week, and the supply and demand of the site was relatively calm, with consolidation as the main operation.

Demand side:

The downstream demand of phosphoric acid was weak this week, the market trading atmosphere was general, the wait-and-see mentality in the phosphoric acid plant was increasing, and the downstream just purchased on mainly.

Market outlook

The phosphoric acid analysts of SunSirs believed that the market of thermal phosphoric acid fell sharply due to the decline of the raw material phosphorus yellow market and insufficient cost support. Downstream procurement was cautious and terminal demand was weak. It is expected that the phosphoric acid market will continue to decline in the short term. It is suggested to pay attention to the changes in the raw material market and demand side.

If you have any questions, please fee l free to contact SunSirs with support@sunsirs.com