SunSirs: The Pre Holiday Phosphoric Acid Market Remained Stable (January 17-23)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of January 23, the reference average price of 85% thermal phosphoric acid in China was 6,680 RMB/ton, which was stable compared to the reference average price of 6,680 RMB/ton on January 17.

According to the Commodity Market Analysis System of SunSirs, as of January 23, the reference average price of 85% wet process phosphoric acid in China was 7,100 RMB/ton, which was stable compared to the reference average of 7,100 RMB/ton on January 17.

Analysis review

Market aspect

Domestic phosphoric acid prices remained stable this week. As of January 23rd, the ex factory price of 85% thermal phosphoric acid in Hubei region was around 6,700-7,000 RMB/ton, and in Sichuan region it was around 6,600-6,800 RMB/ton. The domestic market price for 85% wet process phosphoric acid is around 6,700-7,400 RMB/ton.

In terms of cost

In terms of raw material phosphorus yellow: This week, the price of phosphorus yellow market was running weakly, and market trading was flat. Downstream investors were cautiously observing. At present, the market supply was decreasing, and there are maintenance plans during the Spring Festival period. The production of phosphorus yellow will continue to decline. It is expected that domestic phosphorus yellow prices will remain stable in the short term.

Supply and demand side

This week, the supply and demand of the phosphoric acid market were balanced, and the market was running steadily. The downstream pre holiday stocking task has been basically completed, but market trading was limited. It is expected that there will be no significant changes in the market before the holiday.

Market outlook

The phosphoric acid analyst from SunSirs believes that the recent trend of the phosphoric acid market has been stable. The raw material market was running weakly, with average cost support. The enthusiasm for downstream procurement before the holiday has weakened, and market trading is limited. The short-term acid market is expected to be stable and light, with a focus on consolidation and operation.

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