SunSirs: Under Cost Support, the Market Price of Phosphoric Acid has Risen (July 7-11)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 11th, the reference average price of 85% industrial grade thermal phosphoric acid in China is 6,680 RMB/ton, which is 0.60% higher than the reference average price of 6,640 RMB/ton on July 7th.

Analysis review

Market

The domestic phosphoric acid market prices have risen this week. As of July 11th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6,300-6,800 RMB/ton, in Yunnan region it is around 6,500 RMB/ton, and in Sichuan region it is around 6,400-6,800 RMB/ton. The domestic market price for 85% wet process phosphoric acid is around 6,500-7,450 RMB/ton.

In terms of cost

In terms of raw material phosphorus yellow. The market price of raw material phosphorus yellow has risen this week. This week, the supply of phosphorus yellow in the market is tight, and manufacturers are mainly reluctant to sell, resulting in an increase in the transaction price of phosphorus yellow in the market. Downstream is cautious and prioritize restocking for urgent needs. Short term phosphorus yellow prices are expected to be stronger.

Market outlook

SunSirs' phosphoric acid analyst believes that the phosphoric acid market has been stable and rising recently. The price of raw material phosphorus yellow has increased, leading to an increase in cost support. The phosphoric acid market has stable trading and an increase in inquiries. It is expected that the short-term domestic phosphoric acid market will mainly consolidate to be stronger.

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