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Phosphoric acid News
SunSirs: Raw Material Prices Rebounded, Phosphoric Acid Market Rose
April 14 2021 13:46:37SunSirs(John)

Price trend

According to the data of SunSirs, the average domestic phosphoric acid price on April 13 was 5,216.67 RMB/ton, up 0.64% from the previous day, and was flat month-on-month, up 4.33% year-on-year.

Analysis review

Driven by the rising price of raw material yellow phosphorus, the phosphoric acid market rose slightly by 0.64%. The price of enterprises was adjusted by 100-150 RMB/ton, and the center of gravity moved up. Some enterprises stayed on the sidelines. Last week, the price of yellow phosphorus dropped, phosphoric acid fluctuated obviously with yellow phosphorus, and some phosphoric acid enterprises' quotations were callback. This week, yellow phosphorus stopped falling and rebounded, rising by 1.18%. Supported by cost, the low-end price of phosphoric acid was gradually increased. As of the 13th, the downstream demand was relatively stable, and continued to maintain the rigid demand procurement. The wait-and-see sentiment was strong, and the inquiry was general. However, affected by the cost, the phosphoric acid market was stable and strong. According to the monitoring of SunSirs, as of April 13, the quotation in Sichuan was 4,850-5,550 RMB/ton, that in Yunnan was 5,200-5,400 RMB/ton, that in Beijing was 4,800 RMB/ton, that in Hubei was 5,200-5,400 RMB/ton, that in Tianjin was 5,900 RMB/ton, and that in Henan was 5,300-5,900 RMB/ton. The prices in various regions rose steadily.

In terms of raw materials, after the Qingming Festival, the domestic phosphorus ore market rose in an all-round way. On April 13, the reference price of phosphate rock was 470.00 RMB/ton, up 5.22% compared with that on April 1 (446.67 RMB/ton). In April, although the rising trend of the downstream terminal slowed down, and in recent days, it mainly maintained a stable operation, but the favorable export still supported the price in the short term. Therefore, the downstream terminal market mostly maintained a high level in the short term. Therefore, the phosphorus ore market, supported by the downstream market, has also continued to operate strongly in recent days.

The price of yellow phosphorus decreased last week. The price of coke market declined, and the support for yellow phosphorus was weak. The downstream market was mainly wait-and-see, and the goods were taken carefully. On April 13, the reference price of yellow phosphorus was 17,100.00 RMB/ton, up 1.18% from April 1 (16,900.00 RMB/ton). On April 13, the plant of Sichuan Mabian Longtai phosphorus Power Co., Ltd. started normal operation. The enterprise started three electric furnaces, with a daily output of more than 50 tons. The latest quotation for high-quality yellow phosphorus was 17,500 RMB/ton. Guizhou Qingli tianmeng Chemical Co., Ltd. started the plant normally. The latest price of high-quality yellow phosphorus was 17,100 RMB/ton, and the price of yellow phosphorus rose slightly.

As for the downstream ammonium phosphate, the raw material cost of ammonium biphosphate was high, and the downstream demand was limited. Now DAP is mainly exported, domestic spring ploughing is coming to an end, and the supply and demand are in balance. It is expected that ammonium biphosphate will keep stable operation in the short term, while DAP may be adjusted in a narrow range.

Market outlook

Phosphoric acid analysts from SunSirs believe that the price of raw material yellow phosphorus is rising, the support is gradually strengthened, and the phosphoric acid market is cautious. At present, the downstream demand is relatively flat. Affected by the cost, it is expected that the price of phosphoric acid will be stable with some rise in the short term.   

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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