According to the bulk data list of the business cooperative, the price of thermal phosphoric acid market this week is the main actor. As of December 9, the average market price of 85% industrial grade phosphoric acid in China was 9100 yuan/ton, which was 3.02% higher than the average price of 8833 yuan/ton on December 5.

Mainstream market:

As of December 9, the ex factory quotation of 85% thermal phosphoric acid in Sichuan was about 9200 yuan/ton, that of 85% thermal phosphoric acid in Yunnan was about 8900 yuan/ton, and that of 85% thermal phosphoric acid in Hubei was about 9100-9600 yuan/ton. The market quotation of 85% wet process phosphoric acid in Nanjing is about 8800-9600 yuan/ton.

Cost side:

In terms of raw material yellow phosphorus, the price of yellow phosphorus market was raised this week, and the manufacturers had a strong attitude towards price fixing. Due to power restriction in Guizhou, the on-site supply is reduced. The transaction price of yellow phosphorus was generally raised, and enterprises were reluctant to sell. As of December 9, the average factory price of yellow phosphorus and net phosphorus had risen to 33000 yuan/ton.

In terms of raw phosphorus ore, the domestic phosphorus ore market was steadily consolidated and operated this week. Near the end of the year, some mining enterprises have closed their mines and stopped mining. The overall supply of medium and high-end grade phosphorus ore in the site is still tight. The price of some mining enterprises in Guizhou has been implemented until the end of the year, and the overall news of phosphorus ore is relatively calm. As of December 9, the domestic phosphorus ore market price is around 1030-1080 yuan/ton, and the price of 28% grade phosphate ore is around 950-980 yuan/ton.

Demand side:

This week, the downstream demand of phosphoric acid is general, with a moderate amount of replenishment as the main part, and there is limited turnover on the market. Downstream procurement is still cautious and mainly wait-and-see.

Future market forecast

Phosphoric acid analysts from the business community believe that due to the continuous rise in the price of raw yellow phosphorus, the cost side is favorable, the phosphoric acid market is on the rise, and the downstream is mainly cautious. It is expected that the price of phosphoric acid will rise steadily in the short term. It is suggested to pay attention to the change of raw material market trend.