SunSirs: The Market Price of Phosphoric Acid Experienced a Slight Decrease (December 17-24)

Price trend:

According to SunSirs commodity price analysis system, as of December 24th, the average reference price of domestic 85% industrial-grade phosphoric acid was 6,830 RMB/ton, a decrease of 0.44% compared to the average reference price of 6,860 RMB/ton on December 17th.

Market Analysis

Market Overview

Recently, the price of phosphoric acid has experienced a slight decline. As of December 24th, the ex-factory price of 85% industrial phosphoric acid in Hubei province was approximately 6,650-7,000 RMB/ton, in Yunnan province approximately 6,600-7,000 RMB/ton, and in Sichuan province approximately 6,700-7,000 RMB/ton.

Cost side

Regarding the raw material phosphorus yellow: The market price of phosphorus yellow has recently declined. As of December 24, there was insufficient demand in the phosphorus yellow market, and trading activity was sluggish. Downstream buyers were mostly pushing for lower prices, and suppliers were lowering prices to move inventory. It is expected that phosphorus yellow prices will remain weak in the short term.

Market Outlook

According to SunSirs' phosphoric acid analyst, the phosphoric acid market has recently shown a stable to downward trend. The price of raw material phosphorus yellow has decreased, weakening cost support. As of December 24, the phosphoric acid market was balanced in terms of supply and demand, with downstream buyers mainly purchasing based on immediate needs. It is expected that the domestic phosphoric acid market will consolidate and tend to be weaker in the short term.

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