SunSirs: The Phosphoric Acid Market Saw a Upward Trend in November

Price trend

According to the commodity market analysis system of SunSirs, the average reference price of 85% industrial grade phosphoric acid in China was 6,880 RMB/ton on November 26, compared with 6,640 RMB/ton on November 1. The price of 85% industrial grade phosphoric acid in China increased by 3.61% this month.

Market Analysis

Market conditions

Domestic phosphoric acid prices rose slightly this month. The upward trend in raw material phosphorus yellow provided cost support, and the phosphoric acid market followed suit. Market optimism increased, and trading remained stable. As of November 26th, the ex-factory price of 85% industrial phosphoric acid in Hubei was around 6,700-7,000 RMB/ton, in Sichuan it was around 6,700-7,000 RMB/ton, and in Yunnan it was around 6,700-6,900 RMB/ton.

Raw material market

Raw material phosphorus yellow market: The phosphorus yellow market was generally stronger this month, with a slight dip in the middle of the month followed by a rebound. Low-priced phosphorus yellow was scarce, leading manufacturers to maintain firm prices and raise their quotes, with manufacturers holding back sales, resulting in higher market transaction prices. The short-term outlook for the phosphorus yellow market is optimistic.

Market outlook

According to analysts at SunSirs, the phosphoric acid market was trending upwards recently. The price of raw material phosphorus yellow had risen, increasing cost support. As of November 26, trading activity in the phosphoric acid market was improving, with increased inquiries from downstream users. It is expected that the domestic phosphoric acid market will maintain a stable to upward trend in the short term.

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