SunSirs: Phosphoric Acid Market Rose First and Then Fell in September

Price trend

According to the commodity market analysis system of SunSirs, the average reference price of domestic 85% industrial-grade phosphoric acid was 6,670 RMB/ton on September 30, and the average reference price of domestic 85% industrial-grade phosphoric acid was 6,700 RMB/ton on September 1. This month, the price of domestic 85% industrial-grade phosphoric acid fell by 0.45%.

Analysis review

This month, the domestic phosphoric acid market saw an initial rise followed by a decline. In the first half of the month, domestic phosphoric acid prices saw a slight increase. Raw material phosphorus yellow remained largely stable, with no significant fluctuations in costs. Trading in the phosphoric acid market was stable, with downstream suppliers purchasing on demand. In the second half of the month, domestic phosphoric acid prices saw a volatile decline. Raw material phosphorus yellow prices declined, weakening cost support. Phosphoric acid market prices followed the downward trend of raw materials, maintaining stable supply and demand.

Market Conditions

As of September 30, the ex-factory price of 85% thermal phosphoric acid in Hubei Province was approximately 6,400-6,800 RMB/ton, the ex-factory price of 85% thermal phosphoric acid in Sichuan Province was approximately 6,300-6,700 RMB/ton, and the ex-factory price of 85% thermal phosphoric acid in Yunnan Province was approximately 6,450 RMB/ton.

Raw material prices

Phosphorus yellow raw material market: This month's phosphorus yellow market was weak and declining. phosphorus yellow supply was ample, but demand was weakening. Downstream inquiries were decreasing, leading to price pressures. With the National Day holiday approaching, manufacturers were lowering prices to ease inventory pressures.

Market outlook

SunSirs' phosphoric acid analysts believe the phosphoric acid market had been experiencing a period of stable consolidation recently. Prices for raw material phosphorus yellow were weak, with insufficient cost support. As of September 30, trading in the phosphoric acid market remained healthy, with downstream demand for replenishment before the holiday. The domestic phosphoric acid market is expected to remain stagnant and consolidate in the short term.

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