SunSirs: Phosphoric Acid Market Was Consolidating (August 18-25)

Price trend

According to the commodity market analysis system of SunSirs, as of August 25, the domestic average reference price of industrial-grade thermal phosphoric acid with 85% content was 6,700 RMB/ton, compared with the average reference price of 6,700 RMB/ton on August 18, the domestic market price of industrial-grade thermal phosphoric acid was stable.

Analysis review

Market Situation

Last week, domestic phosphoric acid market prices were primarily consolidated. As of August 25, 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 6,400-6,800 RMB/ton. Domestic 85% wet-process phosphoric acid market prices were around 6,500-7,450 RMB/ton.

Cost side

Regarding raw material phosphorus yellow, the market price of raw material phosphorus yellow rose slightly last week. phosphorus yellow inventory was tight, and the market sentiment was positive. Downstream suppliers were primarily purchasing at low prices, while remaining cautious and cautious. phosphorus yellow prices are expected to consolidate in the short term.

Future outlook:

SunSirs' phosphoric acid analysts believe the phosphoric acid market has been stable recently. The raw material phosphorus yellow market was temporarily experiencing a period of stalemate and consolidation, with costs remaining supportive. The supply and demand in the phosphoric acid market was stable, with downstream companies cautiously purchasing. The domestic phosphoric acid market is expected to consolidate in the short term.

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