1、 Price trend

According to data from Business News Agency, as of March 24, the reference average price of 85% thermal phosphoric acid in China was 8116 yuan/ton, which was 0.71% lower than the reference average price of 8175 yuan/ton on March 20.

According to data from Business News Agency, as of March 24, the reference average price of 85% wet-process phosphoric acid in China was 8300 yuan/ton, which was stable compared to the reference average price of 8300 yuan/ton on March 20.

2、 Market analysis

The price of thermal phosphoric acid decreased slightly this week. At present, the demand for phosphoric acid is low and the market is weak. The trend of raw material yellow phosphorus is stagnant, with phosphoric acid manufacturers and distributors mainly on the sidelines. The price of wet process phosphoric acid was stable this week. The price of raw phosphate rock has risen at a high level, with good cost support. As of March 24th, the factory quotation for 85% thermal phosphoric acid in Sichuan is around 7800-8200 yuan/ton, the factory quotation for 85% thermal phosphoric acid in Yunnan is around 8200 yuan/ton, and the factory quotation for 85% thermal phosphoric acid in Hubei is around 7800-8200 yuan/ton. The domestic market quotation for 85% wet-process phosphoric acid is around 7500-8900 yuan/ton.

In terms of raw material yellow phosphorus, the market price of Yungui yellow phosphorus was stable this week. “The manufacturer issues multiple early stage orders, and most enterprises do not offer prices for the time being. Detailed discussions on actual orders will be conducted.”. At present, the supply and demand of yellow phosphorus market is still relatively stagnant, and overall, there are fewer transactions in the market. Up to now, the mainstream quotation is around 28200-32000 yuan/ton, and the actual transaction is negotiated on a single basis.

In terms of raw phosphorus ore. The domestic phosphorus ore market price rose this week. The boost in downstream demand has strengthened the support for phosphorus ore, with the supply of phosphorus ore in the field continuing to be tight. Both supply and demand have driven the overall strong operation of the dual driven phosphorus ore market.

3、 Aftermarket Forecast

According to phosphoric acid analysts from the Business Society, the current market trend of raw material yellow phosphorus is uncertain, and the demand for phosphoric acid in the market is sluggish. The industry is still dominated by wait-and-see. In the absence of positive factors, it is expected that the price of phosphoric acid will continue to be weak in the short term, mainly through consolidation and operation.