1、 Price trend
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According to the Commodity Market Analysis System of Shengyi Society, as of January 7th, the reference average price of 85% thermal phosphoric acid in China was 6680 yuan/ton, which is 0.75% higher than the reference average price of 6630 yuan/ton on January 1st.
According to the Commodity Market Analysis System of Shengyi Society, as of January 7th, the reference average price of 85% wet process phosphoric acid in China was 7050 yuan/ton, which is 0.71% higher than the reference average of 7000 yuan/ton on January 1st.
2、 Market analysis
Market aspect
Domestic phosphoric acid prices have risen this week. As of January 7th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6700-7000 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6600-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6850-7250 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the market price of yellow phosphorus has shown a strong upward trend. Due to equipment maintenance in some enterprises, the supply of yellow phosphorus in the market has decreased. Due to tight supply, the market price of yellow phosphorus has risen, and manufacturers are mainly reluctant to sell. Downstream procurement is relatively cautious, with a focus on small quantities of goods. It is expected that domestic yellow phosphorus prices will remain stable and rise 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 the phosphate market trend has been upward recently. The raw material yellow phosphorus market is strengthening, and cost support is increasing. Downstream demand is stable, with primary support for essential needs. It is expected that the short-term phosphoric acid market will mainly follow the continued rise in raw material prices.
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