SunSirs:The Phosphoric Acid Market Rose in April

Price trend

According to the Commodity Market Analysis System of SunSirs, the reference average price of 85% industrial phosphoric acid in China was 6,870 RMB/ton on April 29th, and 6,780 RMB/ton on April 1st. This month, the market price of 85% industrial phosphoric acid in China has increased by 1.33%.

Analysis review

The phosphoric acid market has fluctuated and risen this month. In mid to early April, the domestic phosphoric acid market showed a upward trend. The price of raw material phosphorus yellow has increased, leading to an increase in cost support. Phosphoric acid companies followed the increase in raw material prices, leading to an increase in market transactions. In late April, the market price of phosphoric acid was narrowly adjusted and operated. The main raw material phosphorus yellow was sorting, and the cost support was weakened. The phosphoric acid market was mainly cautious and cautious, with prices slightly falling.

As of April 29th, the ex factory price of 85% thermal phosphoric acid in Hubei region was around 6,500-7,000 RMB/ton, in Sichuan region it was around 6,850-7,100 RMB/ton, and in Yunnan region it was around 6,800-7,000 RMB/ton. The domestic market price for 85% wet process phosphoric acid was around 6,700-7,300 RMB/ton.

Raw material phosphorus yellow market. This month, the market price of phosphorus yellow first rose and then fell. In the first half of this month, the price of phosphorus yellow showed a strong upward trend. The market spot was tight, downstream replenishment was active, and the focus of phosphorus yellow transactions has shifted upward. In the second half of this month, the price of phosphorus yellow began to decline and consolidate. Downstream demand weakened before the holiday, with a focus on seeking lower prices, resulting in reduced trading in the phosphorus yellow market.

Market outlook

SunSirs’ phosphate analyst believes that the phosphate market has been steadily consolidating and operating in recent days. The main raw material phosphorus yellow was mainly stagnant, but the cost support was still acceptable. The demand for phosphoric acid in the market was stable, but there were limited transactions in the market near the holiday. It is expected that the domestic phosphoric acid market will mainly experience consolidation and operation in the short term.

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