SunSirs: The Phosphoric Acid Market in March Showed Mixed Ups and Downs, Mainly Oscillating

Price trend

According to the Commodity Market Analysis System of SunSirs, the reference price of 85% industrial phosphoric acid in China was 6,760 RMB/ton on March 1st, and 6,760 RMB/ton on March 27th. The market price of 85% industrial phosphoric acid in China has remained stable this month.

Analysis review

This month, the phosphoric acid market has fluctuated with ups and downs, mainly operating in a volatile manner. In the first half of this month, the domestic phosphoric acid market remained stable with small fluctuations, and prices in some regions fell. The phosphoric acid market mainly digested early-stage orders, with limited market transactions. In mid month, the market for phosphoric acid rose. The price of raw material phosphorus yellow has increased, leading to an increase in cost support. Phosphoric acid companies have followed suit with the price increase of raw materials. At the end of this month, the market price of phosphoric acid fell. The price of raw material phosphorus yellow has been lowered, and cost support has weakened. The phosphoric acid market was mainly cautious and cautious, with prices slightly falling.

As of March 27th, the ex factory price of 85% thermal phosphoric acid in Hubei region was around 6,600-6,900 RMB/ton, in Sichuan region it was around 6,700-6,900 RMB/ton, and in Yunnan region it waws around 6,600-6,800 RMB/ton. The domestic market price for 85% wet process phosphoric acid was around 6,600-7,300 RMB/ton.

Raw material phosphorus yellow market: This month, the market price of phosphorus yellow first rose and then fell. In the first half of this month, the price of phosphorus yellow continued to rise. The supply of phosphorus yellow in the market was tight, and manufacturers have raised prices, resulting in low market inventory. At the end of this month, the price of phosphorus yellow fell. The market had a strong wait-and-see sentiment, with downstream demand for replenishment and cautious procurement. It is expected that the short-term phosphorus yellow market will remain stagnant, with consolidation and operation being the main focus.

Market outlook

The phosphoric acid analyst from SunSirs believes that the phosphoric acid market has been stable with a weak trend in recent days. As of March 27th, the stable price of raw material phosphorus yellow was the main focus, and the phosphoric acid market remained cautious, with a balanced supply and demand in the market. It is expected that the domestic phosphoric acid market will remain stable in the short term.

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