Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 21st, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6,740 RMB/ton, which was 1.61% lower than the reference average price of 6,850 RMB/ton on May 14th.

Analysis review

Market side

In the week, the domestic phosphoric acid market prices had weakened and fallen. The reduction in raw material prices had weakened cost support. As of May 21st, the ex factory price of 85% thermal phosphoric acid in Hubei region was around 6,400-6,700 RMB/ton, and in Sichuan region it was around 6,500-6,700 RMB/ton. The domestic market price for 85% wet process phosphoric acid was around 6,600-7,300 RMB/ton.

Cost side

In terms of raw material phosphorus yellow. This week, the market price of phosphorus yellow continued to decline. As of May 21st, the phosphorus yellow market had sufficient supply, but the terminal demand was poor, and downstream purchasing intentions had weakened. As of May 21st, the market was mainly bearish, and it is expected that the domestic phosphorus yellow market price will continue to be weak in the short term.

Market outlook

The phosphoric acid analyst from SunSirs believes that the recent trend of the phosphoric acid market was mainly downward. The price of raw material phosphorus yellow continued to weaken, with insufficient cost support and a decrease in the transaction price of phosphoric acid. As of May 21st, the phosphoric acid market was mainly wait-and-see, with limited new transactions. It is expected that the domestic phosphoric acid market will be weaker in the short term.

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