1、 Price trend
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According to the Commodity Market Analysis System of Shengyi Society, as of December 20th, the reference average price of 85% thermal phosphoric acid in China was 6660 yuan/ton, which is 0.30% lower than the reference average price of 6680 yuan/ton on December 13th.
According to the Commodity Market Analysis System of Shengyi Society, as of December 20th, the reference average price of 85% wet process phosphoric acid in China is 7000 yuan/ton, which is an increase of 0.24% compared to the reference average of 6983 yuan/ton on December 13th.
2、 Market analysis
Market aspect
This week, the domestic price of hot process phosphoric acid has slightly decreased, while the price of wet process phosphoric acid has slightly increased. As of December 20th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6600-6800 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6400-6600 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6650-7150 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the price of yellow phosphorus in the market has weakened and fallen. Downstream procurement is cautious, with a decrease in new orders in the market, and business owners mainly issuing preliminary orders. This week, the operating rate of yellow phosphorus has declined and the market supply has decreased. It is expected that domestic yellow phosphorus prices will stabilize in the short term.
Raw material phosphate rock market. The phosphate ore market has remained stable this week, maintaining a high and steady operation. At present, the market supply is still tight, downstream demand is stable, and market trading is good. It is expected that domestic phosphate rock prices will continue to operate steadily in the short term.
Supply and demand side
This week, the supply and demand balance in the phosphoric acid market has not experienced significant fluctuations. Downstream on-demand procurement, market trading atmosphere is light. At present, the market supply is stable, and there is no significant change in the supply and demand side.
3、 Future forecast
Business Society’s phosphate analyst believes that there has been a slight adjustment in the phosphate market recently. The raw material yellow phosphorus market has weakened, cost support has weakened, and the price of thermal phosphoric acid has been lowered. Due to downstream demand support, the wet process phosphoric acid market remains strong. It is expected that the short-term acid market will mainly experience a narrow consolidation.
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