1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of October 31st, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6640 yuan/ton, which is 0.30% higher than the reference average price of 6620 yuan/ton on October 27th.
2、 Market analysis
Market aspect
This week, the domestic phosphoric acid market prices have slightly increased. As of October 31st, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6300-6700 yuan/ton, in Yunnan region it is around 6400 yuan/ton, and in Sichuan region it is around 6250-6700 yuan/ton.
Cost aspect
In terms of raw material yellow phosphorus. This week, the market price of raw material yellow phosphorus has shown a strong upward trend. At present, it is difficult to find low prices in the yellow phosphorus market, and manufacturers mainly offer competitive prices. Downstream demand for replenishment has led to an increase in the transaction price of new orders in the market. Short term yellow phosphorus prices are expected to strengthen and consolidate.
3、 Future forecast
Business Society’s phosphate analyst believes that the recent rise in the phosphate market is the main trend. The price of raw material yellow phosphorus has increased, and cost support has increased. The market situation of phosphoric acid has followed the upward trend of raw materials. At present, the phosphate market has seen an increase in inquiries and stable trading on the exchange. It is expected that the domestic phosphoric acid market will strengthen and consolidate in the short term.