Price trend

According to the commodity market analysis system of SunSirs, the average reference price of domestic 85% industrial thermal phosphoric acid was 7,433 RMB/ton on March 9, and 6,940 RMB/ton on March 1. The domestic phosphoric acid price rose by 7.11% in the first ten days of this month.

Market analysis

Market Situation

Domestic phosphoric acid prices rose slightly in the first ten days of this month. The price of raw material phosphorus yellow strengthened, increasing cost support. Under cost pressure, most phosphoric acid manufacturers and distributors suspended quotations, observing raw material trends and primarily negotiating on a case-by-case basis. As of March 9th, the ex-factory price of 85% industrial thermal phosphoric acid in Sichuan was around 7,400-7,700 RMB/ton.

Raw material market

Raw material phosphorus yellow market: After rising this month, the phosphorus yellow market had stabilized. As of March 9th, the supply of phosphorus yellow was tight, with manufacturers mainly maintaining prices, and low prices were hard to find. Downstream buyers were purchasing only as needed, facing significant cost pressures and remaining cautious.

Market outlook

According to analysts at SunSirs, the phosphoric acid market was trending upwards recently. High prices for raw material phosphorus yellow provided cost support, and the market sentiment was temporarily cautious. It is expected that the domestic phosphoric acid market will maintain a slightly stronger consolidation trend in the short term.

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