Price trend:

According to the commodity market analysis system of SunSirs, as of November 20, the average reference price of domestic 85% content industrial-grade thermal phosphoric acid was 6,770 RMB/ton, an increase of 0.89% compared with the average reference price of 6,710 RMB/ton on November 10.

Market Analysis

Market situation

Domestic phosphoric acid prices rose in mid-November. As of November 20, the ex-factory price of 85% thermal phosphoric acid in Hubei was around 6,600-6,900 RMB/ton, in Yunnan it was around 6,500-6,900 RMB/ton, and in Sichuan it was around 6,500-6,900 RMB/ton.

Cost side

Regarding raw material phosphorus yellow, the market price of phosphorus yellow remained stable to slightly lower in mid-month. Demand for phosphorus yellow was weak, with fewer downstream inquiries and a focus on purchasing at lower prices. Inventory pressure in the phosphorus yellow market increased, leading many manufacturers to lower prices to move inventory.

Market Forecast:

According to analysts at SunSirs, the phosphoric acid market recently saw narrow range of price adjustments. The price of raw material phosphorus yellow had weakened, resulting in insufficient cost support. As of November 20, the phosphoric acid market was mainly characterized by a wait-and-see attitude, with stable trading. It is expected that the domestic phosphoric acid market will mainly consolidate in the short term.

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