1、 Price trend

According to the Commodity Market Analysis System of the Business Society, as of October 13th, the reference average price of 85% thermal phosphoric acid in China was 7120 yuan/ton, which is 7080 yuan/ton compared to the reference average price on October 7th. This week, the domestic price of thermal phosphoric acid increased by 0.85%.

According to the Commodity Market Analysis System of the Business Society, as of October 13th, the reference average price of 85% wet process phosphoric acid in China was 7016 yuan/ton, which is lower than the reference average price of 7016 yuan/ton on October 7th. The domestic wet process phosphoric acid price remained stable this week.

2、 Market analysis

This week, the market price of thermal phosphoric acid was slightly adjusted and operated, while the price of wet process phosphoric acid remained stable. This week’s raw material prices have risen, and cost support has strengthened. There is no significant increase in downstream demand, and market trading is weak. As of October 13th, the factory quotation for 85 industrial grade thermal phosphoric acid in Yunnan region is around 7100 yuan/ton, the factory quotation for 85 industrial grade thermal phosphoric acid in Hubei region is around 6800-7000 yuan/ton, and the factory quotation for 85 industrial grade thermal phosphoric acid in Sichuan region is around 6900 yuan/ton.

In terms of raw phosphorus ore. After the end of the National Day holiday, the overall trend of phosphorus ore market prices continues to rise. As of October 13th, the domestic market price of 30 grade phosphate ore is based on 998 yuan/ton, with a post holiday price increase of 2.89%.

In terms of raw material yellow phosphorus, the market situation in Yungui yellow phosphorus has been improving this week. Yellow phosphorus enterprises have started operations steadily, with an increase in market inquiries and an increase in transaction prices. However, downstream procurement is still relatively cautious. As of October 13th, the reference price for yellow phosphorus in the market is around 25293 yuan/ton, and the actual transaction is subject to negotiation.

3、 Future Market Forecast

Business Society phosphoric acid analysts believe that the recent narrow range consolidation and operation of the phosphoric acid market is the main focus. Although the raw material market has risen, downstream demand is weak, and phosphoric acid enterprises have not made significant adjustments for the time being. It is expected that the short-term phosphoric acid market prices will stabilize and operate smoothly.