SunSirs: Phosphoric Acid Market Prices Rose Slightly (August 4-11)

Price trend

According to the commodity market analysis system of SunSirs, as of August 11, the domestic average reference price of industrial-grade thermal phosphoric acid with 85% content was 6,710 RMB/ton, compared with the average reference price of 6,690 RMB/ton on August 4, the domestic market price of industrial-grade thermal phosphoric acid rose by 0.30%.

Analysis review

Market Situation

Domestic phosphoric acid prices saw a slight increase last week. As of August 11, the ex-factory price of 85% thermal phosphoric acid in Hubei Province was around 6,400-6,850 RMB/ton, in Yunnan Province it was around 6,500 RMB/ton, and in Sichuan Province it was around 6,450-6,850 RMB/ton. Domestic wet-process phosphoric acid prices were around 6,500-7,450 RMB/ton.

Cost side

Regarding raw material phosphorus yellow, the market price of raw material phosphorus yellow saw a strong rise last week. At the beginning of the week, due to supply support, manufacturers mainly maintained prices, leading to an upward adjustment in the market price of phosphorus yellow. Following the price increase, downstream companies became cautious in accepting shipments, and prices began to loosen. phosphorus yellow prices are expected to consolidate in the short term.

Market outlook

SunSirs' phosphoric acid analysts believe the phosphoric acid market has been largely stable recently. Raw material phosphorus yellow was stagnant, weakening cost support. Trading in the phosphoric acid market was stable, with downstream suppliers purchasing on demand. The domestic phosphoric acid market is expected to fluctuate within a narrow range in the short term.

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