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SunSirs: Phosphorus Yellow Rose, and the Market for Phosphoric Acid Produced by Thermal Method Stopped Falling (May 19-25)

May 26 2023 13:53:00     SunSirs (John)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 25th, the reference average price of 85% phosphoric acid produced by thermal method in China was 5,910 RMB/ton, which was 1.72% higher than the reference average price of 5,810 RMB/ton on May 19th.

According to the Commodity Market Analysis System of SunSirs, as of May 25th, the reference average price of 85% wet process phosphoric acid in China was 6,033 RMB/ton, which was stable compared to the reference average price of 6,033 RMB/ton on May 19th.

Analysis review

The hot process phosphoric acid market price stopped falling and rose slightly this week, while the wet process phosphoric acid market was stable. The price of raw material phosphorus yellow stopped falling and rebounded to rise, strengthened cost support, and some enterprises slightly raised prices. However, downstream demand remained sluggish and there was still no improvement. The market transaction atmosphere was weak, and the phosphoric acid industry was mainly wait-and-see. As of May 25th, the factory quotation for 85% phosphoric acid produced by thermal method in Yunnan region was around 5,700 RMB/ton, while the factory quotation for 85% phosphoric acid produced by thermal method in Hubei region was around 5,700-6200 RMB/ton. The domestic market quotation for 85% wet process phosphoric acid was around 5,500-6,500 RMB/ton.

In terms of raw material phosphorus yellow, the price of Yunnan and Guizhou phosphorus yellow market stopped falling and picked up this week, with the market price focus rising. As of the 25th, the overall market trading situation of phosphorus yellow remained average, and the price of phosphorus yellow in the market was tentatively raised. The cost pressure of phosphorus yellow manufacturers was relatively high, and mainly supported the price. They did not provide external quotations for the time being, and would discuss the actual order in detail.

In terms of raw phosphate rock, the price of domestic phosphate rock market was weak and declined this week. The demand for phosphate rock in the market wa weak, and downstream procurement was based on suppressed the price, and transactions were weak. As of May 25th, the reference price of phosphate rock was 1,030 RMB/ton, a decrease of 36 RMB/ton compared to last Friday (May 19th) at 1,066 RMB/ton. The specific order needed to be negotiated.

Market outlook

According to phosphoric acid analysts from SunSirs, the decline in the phosphoric acid produced by thermal method market was temporarily postponed and prices had slightly increased due to cost support, as the price of raw material phosphorus yellow had stopped falling and rebounded recently. But market demand was weak, downstream procurement was cautious, and the phosphoric acid market was watching the trend of raw materials. It is expected that the price of phosphoric acid will fluctuate within a narrow range in the short term.

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

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