Price trend

According to the SunSirs Commodity Market Analysis System, as of April 15, the average reference price for domestic 85% industrial thermal-process phosphoric acid stood at 8,640 RMB/ton. Compared to the average reference price of 8,287 RMB/ton recorded on April 1, prices in the domestic phosphoric acid market have risen by 4.25%.

Market analysis

During the first half of April, prices in the phosphoric acid market trended upward. With the price of the raw material—phosphorus yellow—rising, cost support strengthened; consequently, phosphoric acid manufacturers followed suit by raising their own prices. Operating rates among manufacturers remained stable, while downstream buyers procured on an as-needed basis, with transactions primarily negotiated on a case-by-case basis.

Market Trends

As of April 15, the ex-factory quoted price for 85% industrial thermal phosphoric acid in the Hubei region stood at approximately 8,600 RMB/ton, while in the Sichuan region, the ex-factory quoted price for 85% industrial thermal phosphoric acid was also around 8,600 RMB/ton.

Regarding costs

During the first half of April, market prices for phosphorus yellow trended upward. As of April 15, market supply was tight, and low-priced inventory was scarce; consequently, manufacturers were primarily focused on holding prices firm. As phosphorus yellow prices continued to rise to elevated levels, downstream buyers had begun to adopt a cautious approach to procurement. As of April 15, the phosphorus yellow market in Yunnan Province was consolidating at a high level; the latest quoted price stood at approximately 30,300 RMB/ton, with actual transaction prices subject to negotiation on a case-by-case basis.

Market outlook

According to the phosphoric acid analyst at SunSirs, market conditions for phosphoric acid have continued to strengthen in recent days. With the upward trend in the price of phosphorus yellow—the primary raw material—cost-side factors are providing robust support; market activity is driven primarily by restocking to meet immediate demand. Consequently, phosphoric acid prices are expected to maintain a upward trajectory in the short term.

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