Price trend

According to the commodity market analysis system of SunSirs, as of September 11, the domestic average reference price of industrial-grade thermal phosphoric acid with 85% content was 6,710 RMB/ton, compared with the average reference price of 6,700 RMB/ton on September 5, the domestic market price of industrial-grade thermal phosphoric acid rose by 0.15%.

Analysis review

Market

Domestic phosphoric acid prices saw a slight increase this week. As of September 11, the ex-factory price of 85% thermal phosphoric acid in Hubei Province was around 6,450-6,850 RMB/ton, in Yunnan Province it was around 6,500 RMB/ton, and in Sichuan Province it was around 6,400-6,800 RMB/ton.

Cost side

Regarding raw material phosphorus yellow, the market price remained stable this week. As of September 11, the phosphorus yellow market was well supplied, with limited new orders. Demand was weak, leading to a cautious wait-and-see attitude. phosphorus yellow prices are expected to remain stagnant and consolidate in the short term.

Market outlook

SunSirs' phosphoric acid analysts believe the phosphoric acid market has stabilized recently. phosphorus yellow, the raw material, was primarily consolidating, with no significant fluctuations in costs. Trading in the phosphoric acid market was stable, with downstream suppliers purchasing on demand. It is expected that the domestic phosphoric acid market will operate mainly smoothly in the short term.

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