1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of November 20th, the reference average price of 85% thermal phosphoric acid in China was 6740 yuan/ton, which is 0.15% lower than the reference average price of 6750 yuan/ton on November 14th.
According to the Commodity Market Analysis System of Shengyi Society, as of November 20th, the reference average price of 85% wet process phosphoric acid in China is 7000 yuan/ton, which is stable compared to the reference average of 7000 yuan/ton on November 14th.
2、 Market analysis
Market aspect
This week, the domestic phosphoric acid market prices have slightly declined. As of November 20th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6600-6900 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6750-6900 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6950-7150 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the price of yellow phosphorus in the market is weak and declining. Downstream price cutting procurement, cautious in purchasing goods. At present, the market transaction atmosphere is quiet, and new orders are limited in volume. It is expected that the domestic price of yellow phosphorus will remain weak in the short term.
Raw material phosphate rock market. This week, the phosphate ore market has remained stable, maintaining a high level of temporary stability. Downstream on-demand procurement ensures stable shipment of phosphate ore. It is expected that domestic phosphate rock prices will remain stable in the short term.
Supply and demand side
This week, the supply and demand of the phosphoric acid market are balanced, with the main focus on issuing preliminary orders. Downstream on-demand procurement, with a strong wait-and-see attitude. There is currently no significant fluctuation in short-term market supply and demand.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been weak recently. The price of raw material yellow phosphorus has been lowered, and cost support has weakened. Downstream demand is dominant, with few new orders in the market and average trading. It is expected that the short-term phosphoric acid market will observe raw material prices and focus on narrow range consolidation and operation.
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