SunSirs: The Domestic Phosphoric Acid Market is Stable this Week

I. Price trend

According to the commodity market analysis system of SunSirs, as of May 28, the domestic market reference price of 85% industrial-grade thermal phosphoric acid was 6,730 RMB/ton, compared with the reference price of 6,730 RMB/ton on May 23, the domestic market price of industrial-grade thermal phosphoric acid is stable.

II. Market analysis

Market

The domestic phosphoric acid market price is stable this week. As of May 28, the ex-factory price of 85% thermal phosphoric acid in Hubei is about 6,400-6,700 RMB/ton, the ex-factory price of 85% thermal phosphoric acid in Yunnan is about 6,600 RMB/ton, and the ex-factory price of 85% thermal phosphoric acid in Sichuan is about 6,400-6,600 RMB/ton. The domestic market price of 85% wet-process phosphoric acid is about 6,650-7,300 RMB/ton.

Cost

Raw material yellow phosphorus. The market price of yellow phosphorus has risen steadily this week. At present, yellow phosphorus manufacturers are holding prices, and yellow phosphorus is mainly reluctant to sell. Downstream replenishment is based on demand, low prices are hard to find, and purchases are relatively cautious. It is expected that the domestic yellow phosphorus market price will fluctuate and consolidate in the short term.

3. Market Forecast

Analysts of phosphoric acid at SunSirs believe that the phosphoric acid market has been stable recently. The price of raw material yellow phosphorus has increased, and cost support has increased. The phosphoric acid market remains on the sidelines, and downstream purchases are based on demand, and market transactions are limited. It is expected that the domestic phosphoric acid market price will be mainly in a narrow range of consolidation in the short term.

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