1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of October 17th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6650 yuan/ton, which is 0.15% lower than the reference average price of 6660 yuan/ton on October 13th.
2、 Market analysis
Market aspect
This week, the domestic phosphoric acid market prices have slightly declined. As of October 17th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6400-6650 yuan/ton, in Yunnan region it is around 6450 yuan/ton, and in Sichuan region it is around 6200-6600 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the market price of raw material yellow phosphorus has weakened and fallen. At present, the supply of yellow phosphorus in the market is loose, and downstream suppliers replenish according to demand, mainly purchasing at low prices. The market trading atmosphere is not good, and it is expected that the short-term yellow phosphorus price will continue to operate weakly.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been weak recently. The price of raw material yellow phosphorus has been lowered, and the cost support is insufficient. The market situation of phosphoric acid has followed the downward trend of raw materials. At present, there are few inquiries and light trading in the phosphate market. It is expected that the domestic phosphoric acid market will mainly operate weakly in the short term.