Price trend

According to the commodity market analysis system of SunSirs, as of September 18, the domestic average reference price of industrial-grade thermal phosphoric acid with 85% content was 6,700 RMB/ton, compared with the average reference price of 6,710 RMB/ton on September 12, the domestic market price of industrial-grade thermal phosphoric acid fell by 0.15%.

Analysis review

Market

This week, domestic phosphoric acid prices saw narrow adjustments, with an overall slight decline. As of September 18, the ex-factory price of 85% thermal phosphoric acid in Hubei Province was around 6,450-6,800 RMB/ton, in Yunnan Province around 6,450 RMB/ton, and in Sichuan Province around 6,400-6,700 RMB/ton.

Cost side

Regarding raw material phosphorus yellow, the market price of raw material phosphorus yellow fell this week. As of September 18, the phosphorus yellow market was well supplied, while demand was weakening, leading downstream suppliers to lower prices. To alleviate inventory pressure, phosphorus yellow prices are expected to consolidate and weaken and in the short term.

Market outlook

SunSirs’ phosphoric acid analysts believe the phosphoric acid market has been weak recently. The price of raw material phosphorus yellow has declined, weakening cost support. The phosphoric acid market has followed the downward trend of raw materials, and market supply and demand are temporarily stable. The domestic phosphoric acid market is expected to mainly consolidate in the short term.

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