1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of March 24th, the reference average price of 85% industrial grade phosphoric acid in China was 6800 yuan/ton, which is 0.89% higher than the reference average price of 6740 yuan/ton on March 17th.

2、 Market analysis

Market Aspects

The domestic phosphoric acid market prices have risen this week. As of March 24th, the factory price of 85% industrial thermal phosphoric acid in Hubei region is around 6600-6900 yuan/ton, and the factory price of 85% industrial thermal phosphoric acid in Sichuan region is around 6700-6900 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6600-7100 yuan/ton.

In terms of cost

In terms of raw material yellow phosphorus. After the rise in the yellow phosphorus market this week, the operation has been consolidated, and the operating rate of enterprises has increased, with the main orders being issued in the early stage. At present, there is a strong wait-and-see sentiment in the market, with downstream demand for replenishment and cautious procurement. Expected short-term consolidation and operation of domestic yellow phosphorus prices.

3、 Future forecast

Business Society’s phosphate analyst believes that the recent rise in the phosphate market has stabilized. The price of raw material yellow phosphorus has stopped rising, and cost support is still present. Phosphate enterprises focus on stabilizing prices, with stable market trading. It is expected that the domestic phosphoric acid market will experience a narrow consolidation and operation in the short term.