Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 21st, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6,720 RMB/ton, which was 0.15% lower than the reference average price of 6,730 RMB/ton on July 16th.

Analysis review

Market

Recently, the price of phosphoric acid in the domestic market has been stable but declining. As of July 21st, the ex factory price of 85% thermal phosphoric acid in Hubei region was around 6,450-6,850 RMB/ton, in Yunnan region it was around 6,600 RMB/ton, and in Sichuan region it was around 6,350-6,750 RMB/ton. The domestic market price for 85% wet process phosphoric acid was around 6,500-7,450 RMB/ton.

In terms of cost

In terms of raw material phosphorus yellow. Recently, the market price of raw material phosphorus yellow has been weak and declining. As of July 21st, the trading atmosphere in the market had weakened, and downstream purchases were cautious, with bearish sentiment prevailing. It is expected that the price of phosphorus yellow will consolidate to be weaker in the short term.

Future outlook:

SunSirs’ phosphoric acid analyst believes that the phosphoric acid market has been weak and declining recently. The market for raw material phosphorus yellow was weakening, and there was insufficient cost support. The trading volume in the phosphoric acid market was light, and downstream demand for replenishment was urgent. It is expected that the domestic phosphoric acid market will mainly follow the weak consolidation and operation of raw materials in the short term.

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