Price trend:

According to SunSirs' commodity price analysis system, the average reference price of 85% industrial-grade phosphoric acid in China was 6,840 RMB/ton on December 31st, while the average reference price on December 1st was 6,880 RMB/ton. This represents a 0.58% decrease in the price of 85% industrial-grade phosphoric acid in China this month.

Market Analysis

Market conditions

This month, domestic phosphoric acid market prices experienced slight fluctuations and a downward trend. The phosphoric acid market was balanced in terms of supply and demand, and trading remained stable. As of December 31st, the ex-factory price of 85% industrial phosphoric acid in Hubei province was approximately 6,700-7,000 RMB/ton, in Sichuan province approximately 6,700-7,000 RMB/ton, and in Yunnan province approximately 6,700-6,900 RMB/ton.

Raw material prices 

Raw material phosphorus yellow market trends. The phosphorus yellow market experienced a price increase followed by a decrease this month. In the first half of the month, the phosphorus yellow market faced tight supply, with manufacturers reluctant to sell, leading to a price increase. In the second half of the month, insufficient demand in the phosphorus yellow market resulted in a sluggish trading atmosphere. Downstream buyers mostly pressured for lower prices, and suppliers lowered prices to move inventory.

Market Outlook

According to analysts at SunSirs, the phosphoric acid market recently was consolidating. The decline in the price of phosphorus yellow, a key raw material, had weakened cost support. As of December 31st, trading activity in the phosphoric acid market was moderate, with downstream buyers purchasing only as needed. It is expected that the domestic phosphoric acid market will experience slight fluctuations in the short term.

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