1、 Price trend

According to the commodity market analysis system of the business community, as of June 25, the reference average price of 85% thermal phosphoric acid in China was 6290 yuan/ton, which was 1.45% higher than the reference average price of 6200 yuan/ton on June 19.

According to the Commodity Market Analysis System of Business Society, as of June 25th, the reference average price of 85% wet process phosphoric acid in China was 6250 yuan/ton, which is lower than the reference average price of 6250 yuan/ton on June 19th. The domestic wet process phosphoric acid price remained stable this week.

2、 Market analysis

The market price of phosphoric acid has slightly increased this week, with phosphoric acid companies mainly increasing their prices. The raw material yellow phosphorus operates steadily and steadily, with acceptable cost support. Downstream still maintain a wait-and-see attitude, with immediate replenishment being the main focus, and the market trading atmosphere is light. As of June 25, the ex factory quotation of 85% thermal phosphoric acid in Yunnan was about 6400 yuan/ton, that of 85% thermal phosphoric acid in Hubei was about 6000-6300 yuan/ton, and that of 85% thermal phosphoric acid in Sichuan was about 6200 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 5550-6700 yuan/ton.

In terms of raw material yellow phosphorus, the Yungui yellow phosphorus market has been stable and improving this week. At present, the yellow phosphorus market is facing a tight supply of goods, with an increase in market inquiries and a focus on price competition from enterprises. The manufacturer mainly issues preliminary orders, and the enterprise will not provide external quotations for the time being. The actual order will be discussed in detail. As of now, the quotation is around 22800-23000 yuan/ton, and the actual transaction is subject to negotiation.

In terms of raw phosphorus ore, the overall domestic phosphorus ore market is showing a weak decline. Prior to the holiday, the downstream stage stocking of phosphate ore was generally carried out, and the weak demand side continued to loosen the support for the phosphate ore market. Phosphate ore shipments gradually slowed down, and some mining companies implemented early shipment plans. The supply and demand sides of phosphate ore showed a stalemate, and some mining companies started to sell at discounted prices, lowering the prices of mid to high grade phosphate ore shipments. As of June 25th, the domestic market price of 30% grade phosphate ore is around 950-1080 yuan/ton.

3、 Future Market Forecast

Phosphoric acid analysts from Business Society believe that the price of thermal phosphoric acid has slightly increased this week, and the support of raw material yellow phosphorus is still acceptable. However, downstream demand is average, and the phosphoric acid market is mainly cautious and wait-and-see. It is expected that in the short term, the market price of phosphoric acid will be adjusted and operated in a narrow range.