1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of May 14th, the reference average price of 85% industrial grade phosphoric acid in China was 6850 yuan/ton, which is 0.58% lower than the reference average price of 6890 yuan/ton on May 6th.
2、 Market analysis
Market Aspects
The domestic phosphoric acid market prices have fallen this week. As of May 14th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6550-7000 yuan/ton, while in Sichuan region, the ex factory price of 85% thermal phosphoric acid is around 6700-6900 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6700-7300 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the yellow phosphorus market has experienced a decline, with bearish sentiment dominating the market. At present, trading in the yellow phosphorus market is light, and downstream inquiries have decreased. It is expected that the domestic yellow phosphorus market price will continue to be weak in the short term.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been weak and declining recently. The price of raw material yellow phosphorus has decreased, and cost support has weakened. Phosphoric acid has also decreased with the trend of raw material prices. At present, the trading in the phosphoric acid market is flat, and downstream demand for replenishment is urgent. It is expected that the domestic phosphoric acid market will mainly operate weakly in the short term.
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