Price trend
According to the Commodity Market Analysis System of SunSirs, as of April 3rd, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6,840 RMB/ton, which was 1.19% higher than the reference average price of 6,760 RMB/ton on March 31st.
Analysis review
Market consitions
The domestic phosphoric acid market prices have risen this week. As of April 3rd, the factory price of 85% industrial thermal phosphoric acid in Hubei region was around 6,600-7,000 RMB/ton, and the factory price of 85% industrial thermal phosphoric acid in Sichuan region was around 6,700-7,000 RMB/ton. The domestic market price for 85% wet process phosphoric acid was around 6,600-7,300 RMB/ton.
In terms of cost
In terms of raw material phosphorus yellow: This week, the phosphorus yellow market has strengthened, with prices rising slightly. As of April 3rd, the supply of phosphorus yellow in the market was tight, and business owners mainly placed preliminary orders. It is expected that domestic phosphorus yellow prices will remain stable with a stronger trend in the short term.
Market outlook
SunSirs' phosphoric acid analyst believes that the phosphoric acid market trend has been upward recently. The price of raw material phosphorus yellow has strengthened, and cost support has increased. Phosphoric acid enterprises mainly maintained high prices, and market trading was still acceptable. It is expected that the domestic phosphoric acid market will remain stable and rise in the short term.
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