1、 Price trend
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According to the bulk data list of business agency, the average ex factory price of 85% domestic thermal phosphoric acid was 9990 yuan / ton on July 11, and 9830 yuan / ton on July 15. The price of 85% domestic thermal phosphoric acid fell by 1.60% this week.
2、 Market analysis
The price of raw material yellow phosphorus continued to decline this week, with weak cost support. The on-site trading of phosphoric acid decreased, and the downstream low-cost procurement was the main. The manufacturer lowered the price for shipment. The bearish sentiment in the industry is strong, and the weak market has not improved in the short term. As of July 15, the ex factory price of 85% domestic thermal phosphoric acid was about 9830 yuan / ton. The ex factory quotation of phosphoric acid in Sichuan is about 9200-10300 yuan / ton, that in Yunnan is about 10300 yuan / ton, that in Hubei is 9300-10200 yuan / ton, and that in Shandong is about 9800-10700 yuan / ton.
This week, the domestic market for raw phosphorus ore is running at a high level. On Monday, some mining enterprises in Guizhou raised the market price of medium and high-end phosphorus ore by 50 yuan / ton, supported by tight supply in the phosphate rock yard and a shortage of circulating spot. Domestic large-scale mining enterprises mainly use phosphate rock for their own use, and the external sales are basically suspended. In addition, the retro mining enterprises in Guizhou Province in the early stage are currently shut down again, and the overall supply in the site has not been alleviated for the time being. The market price of 30% grade phosphorus ore in Guizhou is around 1100-1150 yuan / ton, and the market price of 28% grade phosphorus ore is 980-1030 yuan / ton. At present, the downstream demand for phosphate rock is stable, and the trading atmosphere in the site is normal.
The market price of raw material yellow phosphorus fell this week. The average price of yellow phosphorus was 34800 yuan / ton last Friday, and 33375 yuan / ton this Friday. The price was reduced during the week. At present, the yellow phosphorus market trend is weak, the transaction is not smooth, and some manufacturers will not make external quotations for the time being.
3、 Aftermarket forecast
Phosphoric acid analysts of business society believe that the cost support is insufficient due to the continuous decline in the price of raw yellow phosphorus. The demand side mainly purchases on demand, and the transaction volume decreases under the downward trend of the market. It is expected that the market trend of phosphoric acid will continue to decline in the short term.
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