Price trend:

According to the commodity market analysis system of SunSirs, as of November 27, the average reference price of domestic 85% content industrial-grade thermal phosphoric acid was 6,880 RMB/ton, an increase of 1.62% compared with the average reference price of 6,770 RMB/ton on November 21.

Market Analysis

Market Overview

Phosphoric acid prices rose slightly last week. As of November 27th, the ex-factory price of 85% industrial phosphoric acid in Hubei was around 6,700-7,000 RMB/ton, in Yunnan around 6,700-6,900 RMB/ton, and in Sichuan around 6,700-7,000 RMB/ton.

Cost side

Regarding raw material phosphorus yellow: Last week, the market price of phosphorus yellow remained stable with a slight increase. Low-priced phosphorus yellow was scarce, and manufacturers were reluctant to sell, maintaining firm prices, leading to higher transaction prices in the phosphorus yellow market.

Market Forecast:

According to analysts at SunSirs, the phosphoric acid market was performing well recently. Raw material phosphorus yellow prices remained firm, providing cost support. As of November 27th, the phosphoric acid market supply and demand were stable, downstream inquiries were increasing, and market activity was improving. The domestic phosphoric acid market is expected to remain strong in the short term.

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