Price trend

According to the commodity market analysis system of SunSirs, the average reference price of domestic 85% industrial-grade phosphoric acid was 6,700 RMB/ton on August 29, and the average reference price of domestic 85% industrial-grade phosphoric acid was 6,690 RMB/ton on August 1. This month, the price of domestic 85% industrial-grade phosphoric acid rose by 0.15%.

Analysis review

This month, the domestic phosphoric acid market saw an initial upturn before a decline. In the early part of the month, an increase in the price of raw material phosphorus yellow increased cost support, driving up phosphoric acid prices. In the middle of the month, trading in the phosphoric acid market was sluggish, and downstream purchasing enthusiasm weakened, leading to a decline in phosphoric acid prices. In the latter part of the month, supply and demand in the phosphoric acid market stabilized, with downstream purchasing cautious, and the phosphoric acid market continued to consolidate.

Market Conditions

As of August 29th, the ex-factory price for 85% thermal phosphoric acid in Hubei Province was approximately 6,400-6,850 RMB/ton, the ex-factory price for 85% thermal phosphoric acid in Sichuan Province was approximately 6,400-6,800 RMB/ton, and the ex-factory price for 85% thermal phosphoric acid in Yunnan Province was approximately 6,500 RMB/ton. The domestic market price for 85% wet-process phosphoric acid was approximately 6,500-7,300 RMB/ton.

Materials

phosphorus yellow raw material market: This month, the phosphorus yellow market saw a volatile upward trend. In the early part of the month, due to supply support, manufacturers primarily maintained prices, leading to an upward adjustment. In the middle of the month, phosphorus yellow prices initially fell before rising. With no inventory pressure in the market, manufacturers primarily maintained prices. Downstream suppliers, driven by urgent demand for replenishment, often pushed prices down. In the latter part of the month, the phosphorus yellow market remained stagnant and consolidated.

Market outlook

SunSirs' phosphoric acid analysts believe the phosphoric acid market has been experiencing a stable consolidation recently. phosphorus yellow, the raw material, was in a stagnant consolidation phase, with no significant fluctuations in costs. Trading in the phosphoric acid market was stable, with the market adopting a cautious wait-and-see approach. The domestic phosphoric acid market is expected to consolidate in the short term.

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