1、 Price trend

According to the Commodity Market Analysis System of the Business Society, as of September 19, the reference average price of 85% thermal phosphoric acid in China was 7120 yuan/ton, which is lower than the reference average price of 7120 yuan/ton on September 13. The domestic thermal phosphoric acid price remained stable this week.

According to the Commodity Market Analysis System of the Business Society, as of September 19, the reference average price of 85% wet process phosphoric acid in China was 6983 yuan/ton, which is lower than the reference average price of 6983 yuan/ton on September 13. The domestic wet process phosphoric acid price remained stable this week.

2、 Market analysis

The phosphoric acid market price remained stable this week. The price of raw material phosphate rock has increased, while the price of raw material yellow phosphorus has first decreased and then increased, providing positive cost support. Downstream on-demand procurement, low enthusiasm, and temporarily stable operation of the phosphoric acid market. As of September 19th, the factory quotation for 85 industrial grade thermal phosphoric acid in Yunnan region is around 7300 yuan/ton, while the factory quotation for 85 industrial grade thermal phosphoric acid in Sichuan region is around 7000 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6350-7800 yuan/ton.

In terms of raw material yellow phosphorus, this week the market price of Yungui yellow phosphorus was first suppressed and then increased. At the beginning of the week, the overall market trading situation of yellow phosphorus was average, with downstream procurement being priced down and being resistant to high-end prices, resulting in a downward shift in the focus of market transactions. Recently, the price of yellow phosphorus has started to rise, and downstream inquiries have increased. As of now, the market quotation is around 26000-26500 yuan/ton, and the actual transaction is negotiable.

In terms of raw material phosphorus ore, the domestic mid to high-end grade phosphorus ore market has seen an overall upward trend this week. The downstream demand for domestic phosphate ore is gradually recovering, and with demand boosting, the phosphate ore industry has a good mentality. The supply of mid to high-end grade ore in phosphate rock yards is tight, and spot circulation is tight. With the support of both supply and demand sides, the focus of the phosphate ore market has been constantly moving upwards in recent days.

3、 Future Market Forecast

According to phosphoric acid analysts from Business Society, the recent stable consolidation and operation of phosphoric acid is the main focus. The raw material yellow phosphorus market is pushing up, and cost support is strengthening. However, downstream procurement enthusiasm is not high, and cautious wait-and-see is still the main focus. It is expected that the short-term phosphoric acid market price will slightly adjust with the raw materials.