1、 Price trend
According to the Commodity Market Analysis System of Business Society, as of December 8th, the reference average price of 85% thermal phosphoric acid in China was 6960 yuan/ton, which is 7000 yuan/ton compared to the reference average price on December 4th. This week, the domestic price of thermal phosphoric acid decreased by 0.57%.
According to the Commodity Market Analysis System of Business Society, as of December 8th, the reference average price of 85% wet process phosphoric acid in China was 6833 yuan/ton, which is lower than the reference average price of 6833 yuan/ton on December 4th. The domestic wet process phosphoric acid price remained stable this week.
2、 Market analysis
This week, the market price of hot process phosphoric acid has decreased, while the market price of wet process phosphoric acid has remained stable. The prices of raw materials such as yellow phosphorus and phosphate ore have been lowered, weakening cost support. At present, the operating rate of phosphoric acid enterprises is stable, and the demand in the phosphoric acid market is sluggish. Trading is limited, and transactions are mainly negotiated on a single basis. As of December 8th, the factory quotation for 85% thermal phosphoric acid in Yunnan region is around 7100 yuan/ton, and the factory quotation for 85% thermal phosphoric acid in Hubei region is around 6400-7150 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6150-7550 yuan/ton.
In terms of raw material phosphate ore, the overall domestic phosphate ore market saw a slight decline this week. Some mining companies in certain regions have adjusted the prices of high-end grade phosphate ore in new orders, with a price reduction of about 10-30 yuan/ton for 30 grade phosphate ore. The phosphate ore market in other regions has remained stable. At present, the trading atmosphere inside the phosphate ore field is mild, and the downstream market situation is weak. The domestic price of 30 grade phosphate ore is around 1020-1080 yuan/ton.
In terms of raw material yellow phosphorus. The market price of yellow phosphorus has fallen this week. The market trading situation is light, and the market is mostly cautious and wait-and-see. Downstream purchases are generally average, with demand being the main focus. As of now, the market quotation for yellow phosphorus is around 25000-25500 yuan/ton, and the actual transaction is negotiable.
3、 Future Market Forecast
According to analysts from Shengyishe, the phosphoric acid market has recently weakened, with a slight adjustment being the main trend. The trend of raw material market is not good, and the cost support for phosphoric acid is insufficient. Downstream demand remains sluggish, and the industry has a strong bearish sentiment. It is expected that the short-term phosphoric acid market prices will be weakly consolidated and operated.