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SunSirs: Phosphoric Acid Market Was Generally Stable This Week (April 4-9)

April 11 2022 09:48:05     SunSirs (John)

Price trend

According to the bulk data list of SunSirs, the average domestic phosphoric acid price on April 9 was 10,460 RMB/ton, which was the same as the price at the beginning of the week and increased by 101.8% compared with the same period last year.

Analysis review

After the Qingming holiday, the phosphoric acid market was generally stable, but the price of raw material phosphorus yellow fell, and some phosphoric acid companies' offers were slightly lowered, and the market focus shifted down slightly. At present, the public health incident is still severe, and logistics in various places are affected to varying degrees. Some enterprises are restricted in starting work, and downstream users are still cautious in their purchases, and continue to wait and see. As of the weekend, the price of raw materials was about 35,000-37,000 RMB/ton, and the market price of phosphoric acid was about 9,500-12,000 RMB/ton. The quotation in Sichuan area was around 10,000 RMB/ton, the quotation in Hubei area was 10,000-11,500 RMB/ton, the quotation in Shandong area was 10,500-10,800 RMB/ton, and the quotation in Jiangsu area was 9,500-11,500 RMB/ton.

Phosphate rock, as of April 7, the reference average price of 30% grade phosphate rock in mainstream regions in China was around 763 RMB/ton, compared with the price on April 1 (the average reference price of phosphate rock was 740 RMB/ton), the average price rose by 23 RMB/ton, or 3.15%. April is the peak season for spring ploughing and planting. The demand for phosphate fertilizers and other downstream phosphate rock terminals has increased, supporting the market. In addition, the short-term supply of phosphate rock in the field is limited and the improvement is limited. Therefore, the phosphate rock data engineer of SunSirs believes that in the short term, the domestic phosphate rock market will mostly be dominated by high-level consolidation.

Phosphorus yellow, the focus of the domestic phosphorus yellow market wass down this week, the overall market trading situation was general, and logistics in some areas were blocked. Downstream inquiries increased, but they were more cautious in buying goods, and there were many bargaining cases, and the quotations of enterprises were slightly lowered. As of the 9th, the mainstream quotation of phosphorus yellow in Yunnan was 35,000-37,000 RMB/ton; the quotation of phosphorus yellow in Sichuan was about 36,000 RMB/ton; and the quotation of phosphorus yellow in Guizhou was about 36,500 RMB/ton.

Market outlook

The phosphoric acid analyst of SunSirs believes that the current price of raw materials is declining, and the logistics is still not smooth, and downstream purchases are cautious. Under the negative conditions, the phosphoric acid market may have downward expectations, and it is necessary to pay attention to the price trend of raw materials.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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