SunSirs: Yellow Phosphorus Prices Rose in Early June, but the Phosphoric Acid Market was Weak

I. Price trend

According to the commodity market analysis system of SunSirs, as of June 11, the reference average price of domestic 85% content industrial-grade thermal phosphoric acid was 6,760 RMB/ton, which was 0.45% higher than the reference average price of 6,730 RMB/ton on June 1.

II. Market analysis

Market

In early June, the domestic phosphoric acid market price fell first and then rose. As of June 11, the ex-factory price of 85% thermal phosphoric acid in Hubei was around 6,500-7,000 RMB/ton, the ex-factory price of 85% thermal phosphoric acid in Yunnan was around 6,600 RMB/ton, and the ex-factory price of 85% thermal phosphoric acid in Sichuan was around 6,300-6,800 RMB/ton. The domestic 85% wet-process phosphoric acid market price was around 6,600-7,300 RMB/ton.

Cost

Raw material yellow phosphorus. In early June, the market price of yellow phosphorus fell first and then rose. At the beginning of the month, the yellow phosphorus market was well supplied, the market was bearish, and the price of yellow phosphorus fell weakly. With the increase in downstream replenishment demand, yellow phosphorus manufacturers mainly supported prices, and the transaction price of yellow phosphorus market increased.

III. Market Forecast

Analysts of phosphoric acid from SunSirs believe that the phosphoric acid market has been in a state of consolidation recently. The price of raw material yellow phosphorus has increased, and cost support has increased. The demand for phosphoric acid market is still weak, and the market transaction is limited. It is expected that the domestic phosphoric acid market price will remain on the sidelines in the short term, and the price may rise slightly with the raw materials.

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