1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% thermal phosphoric acid in China was 6840 yuan/ton on November 1st, and 6660 yuan/ton on November 29th. The price of thermal phosphoric acid in China has dropped by 2.63% this month.

According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% wet process phosphoric acid in China was 6950 yuan/ton on November 1st, and 6983 yuan/ton on November 29th. The price of wet process phosphoric acid in China has increased by 0.48% this month.

2、 Market analysis

In the first half of November, the price of raw material yellow phosphorus decreased, cost support weakened, and the market price of thermal phosphoric acid fell. Market trading is limited, and there are not many new transactions. The raw material phosphate rock market has stabilized at a high level, with cost support, and the market price of wet process phosphoric acid has slightly increased. In the second half of November, the raw material yellow phosphorus market continued to weaken, the market price of hot process phosphoric acid continued to decline, and the trend of wet process phosphoric acid also began to decline. As of November 29th, the ex factory price of 85 thermal phosphoric acid in Hubei region is around 6450-6800 yuan/ton, and in Sichuan region it is around 6600-6850 yuan/ton. The domestic market price for 85 wet process phosphoric acid is around 6950-7100 yuan/ton.

Raw material yellow phosphorus market. This month, the market price of yellow phosphorus has weakened and fallen. Downstream price cutting procurement, cautious in purchasing goods. At present, the market transaction atmosphere is quiet, and new orders are limited in volume. At the end of the month, some yellow phosphorus units were undergoing maintenance, resulting in a decrease in market supply. It is expected that domestic yellow phosphorus prices will stabilize in the short term.

Raw material phosphate rock market. This month, the phosphate ore market has been operating at a high level of consolidation. Downstream on-demand procurement with stable demand. It is expected to maintain stable consolidation and operation in the short term.

3、 Future forecast

Business Society’s phosphate analyst believes that the phosphate market has been running steadily in recent days. At present, the raw material market is stabilizing and the cost support is average. Downstream procurement should be based on demand, and caution should be exercised when selecting goods. The market has a strong wait-and-see attitude, and it is expected that the short-term phosphoric acid market will stabilize and operate smoothly.