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Phosphoric acid News
SunSirs: Cost support weakens, phosphoric acid prices start to fall
April 10 2020 10:55:56SunSirs(Molly)

1. Price Trend

According to SunSirs price monitoring, a total of 20 commodities in the chemical sector rose on April 9, 2020 in the commodity price list, of which 2 commodities rose more than 5%, accounting for 2.3% of the monitored commodities in this sector. The top three commodities for the increase were crude benzene (20.34%), hydrobenzene (7.95%), and acetone (4.19%). There were 10 kinds of commodities that fell sequentially, and the top 3 products were aniline (-4.43%), hydrochloric acid (-3.92%), and calcium carbide (-3.80%). The average daily increase or decrease was 0.5%.

2. Market analysis

Products: The phosphoric acid market has weakened recently and prices have been lowered. At present, as the price of yellow phosphorus declines, the cost burden of thermal-process phosphoric acid companies is reduced, and the price is lowered accordingly. At this stage, the country has opened up, construction in Hubei and other places has been improved, traffic is smooth across the country, transportation costs are reduced, and shipments have improved compared to before. At the end of the Ching Ming Festival holiday, a small amount of replenishment was carried out in the downstream, and the market transaction atmosphere was acceptable. Traders entered the market actively, but the transactions were mostly concentrated in the low-end price, and the demand did not increase. The high-end price of phosphoric acid began to pull back. At the same time, affected by foreign public health incidents, phosphoric acid exports are not good. At present, companies are still cautiously watching and seeing the market. According to the monitoring of the business community, as of April 9, the average price of 85% industrial purified water phosphoric acid market was about 5100 yuan / ton, the quotation in Sichuan was about 4700-5300 yuan / ton, and the price in Hubei was about 5000-5300 yuan / ton. The quotation in Yunnan is around 5200 yuan / ton, the quotation in Beijing is around 5400 yuan / ton, and the quotation in Tianjin is around 6000 yuan / ton.

Industrial chain: Since April, the overall yellow phosphorus market has mainly operated weakly and steadily. After the holiday, market transactions have improved, replenishment orders are more, some traders have larger new orders, market supply is tight, and new orders are sold The price is relatively firm. At present, the net phosphorus phosphorus factory acceptance transaction in Yunnan refers to 15800-16200 yuan / ton. In April, the domestic phosphate rock market remained low and stable, and the market was mostly in a state of consolidation. The market's new orders were generally sold, and the on-site construction continued to increase slowly. It is not obvious that the inquiry of downstream products of phosphate ore has been improving recently, and the overall market trend is running weakly. It is expected that the market will continue to be weak and temporarily stable in the short term.

3. Market forecast

Phosphoric acid analysts at SunSirs Chemical Branch believe that the price of yellow phosphorus is currently loose, and the phosphoric acid market is going down with costs. High-end prices in the market have generally been lowered, and the focus of transactions has shifted downward. It is expected that the phosphoric acid market will dominate weak and stable operations in the short term.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

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