SunSirs: The Domestic Phosphoric Acid Market Was Narrowly adjusted (November 2-9)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of December 9th, the reference average price of 85% thermal phosphoric acid in China was 6,680 RMB/ton, which was 0.30% higher than the reference average price of 6,660 RMB/ton on December 2nd.

According to the Commodity Market Analysis System of SunSirs, as of December 9th, the reference average price of 85% wet process phosphoric acid in China was 6,983 RMB/ton, which was stable compared to the reference average of 6,983 RMB/ton on December 2nd.

Analysis review

Market side

This week, the domestic price of hot process phosphoric acid has slightly increased, while the price of wet process phosphoric acid had remained stable. As of December 9th, the ex factory price of 85% thermal phosphoric acid in Hubei region was around 6,600-6,950 RMB/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region was around 6,600-6,900 RMB/ton. The domestic market price for 85% wet process phosphoric acid was around 6,,650-7100 RMB/ton.

In terms of cost

In terms of raw material phosphorus yellow: This week, the price of phosphorus yellow in the market remained weak and stable. As of December 9th, the trading atmosphere in the market was light, with manufacturers mainly offering high prices and downstream purchasing at low prices. It is expected that the domestic phosphorus yellow price will remain stagnant and operate in the short term.

Raw material phosphate rock market: This week, the phosphate rock market remained stable and continued to operate at a high level. As of December 9th, the market supply was tight, and the shipment of phosphate rock was stable. It is expected that domestic phosphate rock prices will remain firm in the short term.

Supply and demand side

This week, the supply and demand of the phosphoric acid market were balanced, with the main focus on issuing preliminary orders. Downstream purchased on demand, with a strong wait-and-see attitude. Wet process phosphoric acid supply was tight, and there was some support on the supply side.

Market outlook

SunSirs’ phosphoric acid analyst believes that the phosphoric acid market has recently undergone a narrow adjustment. As of December 9th, the raw material phosphorus yellow market was stable but weak, with average cost support, and the phosphoric acid market is mainly on a wait-and-see basis. It is expected that the short-term phosphoric acid market will mainly stabilize and operate smoothly.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.