SunSirs: The Phosphoric Acid Market in October Initially Declined Before Rebounding

Price trend

According to the commodity market analysis system of SunSirs, the average reference price of 85% industrial grade phosphoric acid in China was 6,630 RMB/ton on October 30, and 6,670 RMB/ton on October 1. The price of 85% industrial grade phosphoric acid in China fell by 0.60% this month.

Analysis review

The domestic phosphoric acid market experienced a decline followed by a rise this month. In the first half of the month, the market was weak. Lower prices for raw material phosphorus yellow reduced cost support, causing phosphoric acid prices to follow suit. Inquiries were few, and trading was sluggish. In the latter half of the month, domestic phosphoric acid prices rose. Increased phosphorus yellow prices provided more cost support. Optimistic sentiment in the phosphoric acid market grew, and manufacturers maintained their prices.

Market Situation

As of October 30, the ex-factory price of 85% thermal phosphoric acid in Hubei Province was around 6,300-6,700 RMB/ton, in Sichuan Province it was around 6,250-6,700 RMB/ton, and in Yunnan Province it was around 6,400 RMB/ton.

Raw material market

Raw material phosphorus yellow market trends: The phosphorus yellow market experienced a decline followed by a rise this month. In the first half of the month, phosphorus yellow prices fell. The market supply was ample, and downstream buyers replenished their stocks only as needed, primarily purchasing at low prices. In the second half of the month, phosphorus yellow prices rose. Low-priced phosphorus yellow supplies became scarce, manufacturers maintained firm prices, and market transaction prices increased.

Market outlook

According to analysts at SunSirs, the phosphoric acid market was trending upwards recently. The price of raw material phosphorus yellow was strengthening, providing cost support, but the upside potential was limited. As of October 30, the phosphoric acid market was trading steadily, with downstream restocking driven by immediate needs. It is expected that the domestic phosphoric acid market will consolidate and tend to be upward in the short term.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.