SunSirs: Phosphoric Acid Market Fluctuated Within a Narrow Range (October 17-23)

Price trend:

According to the commodity market analysis system of SunSirs, as of October 23, the domestic average reference price of industrial-grade thermal phosphoric acid with 85% content was 6,620 RMB/ton, compared with the average reference price of 6,650 RMB/ton on October 17, the domestic market price of industrial-grade thermal phosphoric acid fell by 0.45%.

Analysis review

Market Situation

Domestic phosphoric acid prices fell slightly this week. As of October 23rd, the ex-factory price of 85% thermal phosphoric acid in Hubei Province was around 6,200-6,650 RMB/ton, in Yunnan Province it was around 6,300 RMB/ton, and in Sichuan Province it was around 6,200-6,600 RMB/ton.

Cost Side

Regarding raw material phosphorus yellow, the market price of raw material phosphorus yellow saw a slight increase this week. As of October 23rd, low-priced supplies were scarce, and manufacturers' quotations remained firm. Despite the upward trend in market prices, downstream suppliers were generally cautious and wait-and-see, with few new orders. phosphorus yellow prices are expected to remain stagnant in the short term.

Market Forecast:

SunSirs' phosphoric acid analysts believe the phosphoric acid market has recently experienced slight fluctuations. The price of raw material phosphorus yellow has increased, providing cost support, but this support was limited. As of October 23rd, the supply and demand in the phosphoric acid market was stable, and trading was quiet. The domestic phosphoric acid market is expected to mainly consolidate in the short term.

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