Price trend

According to SunSirs' commodity price analysis system, the average reference price of 85% industrial-grade phosphoric acid in China was 6,890 RMB/ton on January 29th, compared to 6,840 RMB/ton on January 1st. This represents a 0.73% increase in the price of 85% industrial-grade phosphoric acid in China this month.

Market analysis

Market Overview

This month, the domestic phosphoric acid market price remained stable with a slight upward trend. The price of raw material phosphorus yellow increased, providing stronger cost support. The phosphoric acid market was balanced in terms of supply and demand, and market transactions were stable. As of January 29th, the ex-factory price of 85% industrial phosphoric acid in Hubei province was approximately 6,800-7,000 RMB/ton, in Sichuan province approximately 6,750-7,000 RMB/ton, and in Yunnan province approximately 6,700-7,000 RMB/ton.

Raw material prices

Raw material phosphorus yellow market trends. The phosphorus yellow market showed a strong upward trend this month. The market was experiencing tight supply, providing support to prices. Downstream buyers were replenishing stocks as needed, and manufacturers were reluctant to sell, resulting in a positive trading atmosphere in the phosphorus yellow market. Demand is expected to continue to increase as the Chinese New Year approaching.

Market outlook

According to analysts at SunSirs, the phosphoric acid market has recently shown an upward trend. The price of raw material phosphorus yellow remained firm, providing continued cost support. As of January 29, trading in the phosphoric acid market was relatively active, with downstream buyers stocking up before the holidays. It is expected that the domestic phosphoric acid market will remain stronger in the short term.

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