1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of September 29th, the reference average price of 85% industrial grade phosphoric acid in China was 6800 yuan/ton, which is 2.41% higher than the reference average price of 6640 yuan/ton on September 1st.
According to the Commodity Market Analysis System of Shengyi Society, as of September 29th, the reference average price of 85% wet process phosphoric acid in China was 6966 yuan/ton, which is 1.70% higher than the reference average price of 6850 yuan/ton on September 1st.
2、 Market analysis
In September, the domestic phosphoric acid market prices showed a strong upward trend. In the first half of September, the phosphoric acid market showed an upward trend due to rising costs and tight supply. In the second half of September, the market price of phosphoric acid remained stagnant and mainly stabilized.
Market quotation
As of September 29th, the factory price of 85% industrial phosphoric acid in Hubei region is around 6850-7000 yuan/ton, and the factory price of 85% thermal phosphoric acid in Sichuan region is around 6770-7000 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6950-7050 yuan/ton.
Cost end
In terms of raw material yellow phosphorus. In the first half of September, the market price of yellow phosphorus showed a strong upward trend. Enterprises are mainly reluctant to sell and prioritize placing preliminary orders. In the second half of September, the market price of yellow phosphorus fell. The market trading atmosphere is not good, with poor pre holiday shipments and downstream price cutting procurement as the main focus.
Raw material phosphate rock market. The market price of phosphate ore remained stable at a high level in September, with tight supply in some areas, and the main focus was on issuing preliminary orders. It is expected that domestic phosphate rock prices will remain stable in the short term.
Supply and demand side
This month, the supply of phosphoric acid in the market is tight, and there is a shortage of spot goods. Downstream procurement is mainly based on demand, and procurement is more cautious. Downstream enterprises have basically finished stocking up before the holiday, and there is currently no significant fluctuation in the market situation.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the phosphate market has been stagnant, consolidating, and operating recently. The price of raw material yellow phosphorus has decreased, and cost support has weakened. But the market supply is still tight, and there is some support on the supply side. It is expected that the short-term phosphoric acid market will mainly experience price consolidation.
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