1、 Price trend
According to the Commodity Market Analysis System of Business Society, as of July 9th, the reference average price of 85% thermal phosphoric acid in China was 6460 yuan/ton, which is 0.16% higher than the reference average price of 6450 yuan/ton on July 1st.
According to the Commodity Market Analysis System of Business Society, as of July 9th, the reference average price of 85% wet process phosphoric acid in China was 6666 yuan/ton, which is a decrease of 0.99% compared to the reference average price of 6733 yuan/ton on July 1st.
2、 Market analysis
Entering July, the domestic phosphoric acid market prices have fluctuated and stabilized. As of July 9th, the market price of 85% thermal phosphoric acid in Hubei region is around 6300-6800 yuan/ton, and the factory price of 85% industrial phosphoric acid in Sichuan region is around 6300-6500 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6600 yuan/ton.
Cost side
In terms of raw material yellow phosphorus. In early July, the market price of yellow phosphorus steadily increased. The operating rate of enterprises has declined, with yellow phosphorus manufacturers mainly raising prices. Downstream demand performance is average, with a mainly wait-and-see attitude. It is expected that the domestic yellow phosphorus price will remain high in the short term.
Market for raw material phosphate rock. The market price of phosphate ore has slightly increased this month. The inquiry atmosphere inside the phosphate rock yard is mild, and some areas are experiencing tight supply of phosphate rock. It is expected that domestic phosphate ore prices will remain stable in the short term.
Supply and demand side
At present, the phosphoric acid market has sufficient supply and a moderate trading atmosphere. The demand for phosphoric acid in the market is weak, and downstream procurement enthusiasm is average. Manufacturers and distributors tend to adopt a wait-and-see attitude, with a single focus on discussion.
3、 Future Market Forecast
Business Society’s phosphoric acid analyst believes that the recent phosphoric acid market has seen a narrow consolidation and operation. The raw material yellow phosphorus market is rising, and the cost of thermal phosphoric acid is supported. The supply of wet process phosphoric acid has decreased, but downstream demand is weak. It is expected that the short-term market price of phosphoric acid may follow a slight increase in raw materials.
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