Price trend

According to the Commodity Market Analysis System of SunSirs, as of June 23, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6,710 RMB/ton, which was 0.74% lower than the reference average price of 6,760 RMB/ton on June 16.

Analysis review

Market side

The domestic phosphoric acid market prices had fallen last week. As of June 23rd, the ex factory price of 85% thermal phosphoric acid in Hubei region was around 6,450-6,900 RMB/ton, in Yunnan region it was around 6,500 RMB/ton, and in Sichuan region it was around 6,400-6,800 RMB/ton. The domestic market price for 85% wet process phosphoric acid was around 6,500-7,300 RMB/ton.

In terms of cost

In terms of raw material phosphorus yellow. The market price of raw material phosphorus yellow had fallen last week. Downstream price cutting procurement had a resistance to high prices. It is expected that the short-term phosphorus yellow market transaction price will weaken and decline.

Market outlook

SunSirs’ phosphoric acid analyst believes that the phosphoric acid market has been weak and declining recently. The price of raw material phosphorus yellow has weakened, and there was insufficient cost support. The trading volume in the phosphoric acid market was light, with limited new orders in the market. It is expected that in the short term, the domestic phosphoric acid market prices will mainly weaken and decline.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.