1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of June 17th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6710 yuan/ton, which is 0.74% lower than the reference average price of 6760 yuan/ton on June 11th.
2、 Market analysis
Market Aspects
This week, there was a slight adjustment in the domestic phosphoric acid market price. As of June 17th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6450-6900 yuan/ton, in Yunnan region it is around 6500 yuan/ton, and in Sichuan region it is around 6400-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6550-7300 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. The market price of raw material yellow phosphorus has risen this week. This week, some yellow phosphorus plants have restarted, leading to an increase in market supply. Downstream replenishment is gradually increasing, leading to an increase in procurement demand and a rise in the transaction price of yellow phosphorus in the market.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the phosphate market has been operating in a narrow range recently. The bearish sentiment in the raw material yellow phosphorus market remains, with weak demand in the phosphoric acid market and limited new orders in the market. It is expected that in the short term, the domestic phosphoric acid market prices will experience slight fluctuations and consolidation.