1、 Price trend
According to the data of the Business News Agency, the reference average price of 85% thermal phosphoric acid in China was 9025 yuan/ton on January 1, and the reference average price of 85% thermal phosphoric acid in China was 9008 yuan/ton on January 31. The domestic thermal phosphoric acid price fell 0.18% this month.
According to the data of Business News Agency, the average market price of 85% wet-process phosphoric acid in China was 8966 yuan/ton on January 1, and the average market price of 85% wet-process phosphoric acid in China was 9116 yuan/ton on January 31. The domestic wet-process phosphoric acid price rose 1.67% this month.
2、 Market analysis
In January, the phosphoric acid market was shaken and put into operation. At the beginning of January, the price of raw material yellow phosphorus was adjusted and operated, and the cost side did not change much. Before the Spring Festival, downstream enterprises of phosphoric acid successively shut down for holidays, and terminal procurement decreased. The phosphoric acid market is stagnant, and the industry is mainly wait-and-see. After the festival, the phosphoric acid market gradually recovered, the raw material yellow phosphorus was traded flat, the trend was weak, and the cost side support was poor. As of January 31, the ex-factory price of 85% thermal phosphoric acid in Sichuan is about 8700-9100 yuan/ton, that in Yunnan is about 9200 yuan/ton, and that in Hubei is about 9100 yuan/ton. The domestic market price of 85% wet-process phosphoric acid is about 8350-9500 yuan/ton.
Market of raw phosphate rock. This month, the domestic phosphorus ore market remained stable at a high level. There is no significant fluctuation in the price of phosphate rock in the field, and the overall market is in high consolidation operation. As of January 31, the reference price of domestic phosphorus ore was 1056 yuan/ton.
Yellow phosphorus market. Yellow phosphorus prices were lowered in January. This month, the manufacturers had a lot of maintenance, and in the first half of the month, the preparation of the yellow phosphorus market before the festival was basically completed. Many downstream and traders have started to take holidays. There are plans to shut down during the Spring Festival, and there is no purchase plan for yellow phosphorus in the short term. After the Spring Festival holiday in the second half of the month, the market has just recovered. It is prudent to take the goods and wait and see. It mainly supplies pre-holiday orders, but the new orders are limited. Up to now, the yellow phosphorus quotations in Guizhou and Sichuan are mostly in the range of 31000-32000 yuan/ton.
3、 Aftermarket forecast
Phosphoric acid analysts of the Business Society believe that the raw material yellow phosphorus market was adjusted down this month, and the cost support was general. At present, the downstream should be cautious and wait and buy as needed. It is expected that the price of phosphoric acid will stagnate in the short term. It is recommended to pay attention to the changes in the cost side.