Price trend:

According to the commodity market analysis system of SunSirs, as of December 11, the average reference price of domestic 85% content industrial-grade thermal phosphoric acid was 6,870 RMB/ton, an increase of 0.15% compared with the average reference price of 6,860 RMB/ton on December 5.

Market Analysis

Market situation

The price of phosphoric acid rose slightly this week. As of December 11, the ex-factory price of 85% industrial phosphoric acid in Hubei was around 6,800-7,000 RMB/ton, in Yunnan it was around 6,600-6,900 RMB/ton, and in Sichuan it was around 6,750-7,000 RMB/ton.

Cost side

Regarding raw material phosphorus yellow: The market price of phosphorus yellow rose this week. Supply decreased, and manufacturers largely adopted a reluctance to sell, maintaining firm prices, leading to higher transaction prices. Downstream buyers purchased only as needed, mostly adopting a cautious wait-and-see approach.

Market Outlook

According to analysts at SunSirs, the phosphoric acid market has been trending steadily upward recently. The price of raw material phosphorus yellow has risen, increasing cost support. As of December 11, the phosphoric acid market supply and demand were stable, with downstream buyers purchasing only as needed. It is expected that the domestic phosphoric acid market will maintain a stronger trend in the short term.

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