Price trend:

According to the commodity market analysis system of SunSirs, as of November 10, the average reference price of domestic 85% content industrial-grade thermal phosphoric acid was 6,700 RMB/ton, an increase of 1.05% compared with the average reference price of 6,640 RMB/ton on November 1.

Analysis review

Market Overview

Domestic phosphoric acid prices rose in the first ten days of this month. As of November 10th, the ex-factory price of 85% thermal phosphoric acid in Hubei was around 6,400-6,800 RMB/ton, in Yunnan around 6,500 RMB/ton, and in Sichuan around 6,450-6,800 RMB/ton.

Cost side

Regarding raw material phosphorus yellow: The market price of phosphorus yellow rose slightly in the first ten days of this month. Low-priced phosphorus yellow was hard to find, leading manufacturers to raise their quotes and primarily hold back sales. As the price of phosphorus yellow continued to rise, downstream demand for restocking increased, but a cautious approach prevailed. It is expected that the price of phosphorus yellow will stabilize in the short term.

Market Forecast:

According to analysts at SunSirs, the phosphoric acid market was trending upwards recently. The rising price of raw material phosphorus yellow had provided cost support, and the phosphoric acid market followed suit. As of November 10, optimism in the phosphoric acid market was increasing, and market trading was moderate. It is expected that the domestic phosphoric acid market will mainly consolidate within a narrow range in the short term.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.