1. Price trend
According to the commodity market analysis system of SunSirs, the average reference price of 85% industrial thermal phosphoric acid in China was 6,730 RMB/ton on May 30, and the average reference price of 85% industrial thermal phosphoric acid in China was 6,870 RMB/ton on May 1. The price of 85% industrial thermal phosphoric acid in China fell by 2.04% this month.
2. Market analysis
The market price of phosphoric acid fell weakly this month. The price of raw material yellow phosphorus fell this month, the cost support weakened, and phosphoric acid fell along with the raw material market. The phosphoric acid market was flat, and downstream just needed to replenish stocks. At present, the phosphoric acid market is mainly on the sidelines, and new orders are generally traded.
As of May 30, the ex-factory price of 85% thermal phosphoric acid in Hubei was around 6,400-6,700 RMB/ton, the ex-factory price of 85% thermal phosphoric acid in Sichuan was around 6,400-6,600 RMB/ton, and the ex-factory price of 85% thermal phosphoric acid in Yunnan was around 6,600 RMB/ton. The domestic 85 wet-process phosphoric acid market price is around 6700-7300 RMB/ton.
Raw material yellow phosphorus market. The yellow phosphorus market fell this month, and the market was mainly bearish. The yellow phosphorus market was in sufficient supply and trading was light. The terminal demand was poor, the downstream inquiries decreased, and the purchasing intention weakened.
III. Market Forecast
The phosphoric acid analyst of SunSirs believes that the phosphoric acid market has been running smoothly in recent days. The raw material yellow phosphorus market is weak, and the cost support is insufficient. The trading atmosphere in the phosphoric acid market is poor, and the market is mainly waiting to see the trend of raw materials. It is expected that the domestic phosphoric acid market will be weak in the short term.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
