Price trend

According to the commodity market analysis system of SunSirs, as of October 31, the average reference price of domestic 85% content industrial-grade thermal phosphoric acid was 6,640 RMB/ton, an increase of 0.30% compared with the average reference price of 6,620 RMB/ton on October 27.

Influencing factors

Market Overview

Domestic phosphoric acid prices rose slightly last week. cthe ex-factory price of 85% thermal phosphoric acid in Hubei was around 6,300-6,700 RMB/ton, in Yunnan around 6,400 RMB/ton, and in Sichuan around 6,250-6,700 RMB/ton.

Cost side

Regarding raw material phosphorus yellow, the market price rose slightly last week. As of October 31, low-priced phosphorus yellow was hard to find, and manufacturers were mainly maintaining their prices. Downstream demand was replenishing, leading to higher prices for new orders. It is expected that phosphorus yellow prices will consolidate to be stronger in the short term.

Market outlook

According to analysts at SunSirs, the phosphoric acid market was trending upwards recently. The price of raw material phosphorus yellow increased, providing greater cost support, and the phosphoric acid market followed suit.As of October 31, inquiries for phosphoric acid were increasing, while trading activity was stable. The domestic phosphoric acid market is expected to maintain a slightly stronger trend in the short term.

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