1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the reference average price of domestic phosphoric acid on February 6th was 6900 yuan/ton, and on February 1st, the reference average price of domestic phosphoric acid was 6890 yuan/ton. The domestic phosphoric acid price has risen by 0.15% this month.
2、 Market analysis
market conditions
The domestic phosphoric acid market price has slightly increased this month. The price of raw material yellow phosphorus has risen, and cost support has increased. The supply and demand of the phosphoric acid market are balanced, and market trading is stable. As of February 6th, the factory price of 85% industrial phosphoric acid in Hubei region is around 6800-7000 yuan/ton, in Sichuan region it is around 6750-7000 yuan/ton, and in Yunnan region it is around 6700-7000 yuan/ton.
Raw material market
Raw material yellow phosphorus market. The yellow phosphorus market has seen a slight increase this month. The current supply-demand game in the yellow phosphorus market. The manufacturer’s quotation is firm and there is no pressure on shipment. Before the downstream holiday, replenish as needed, search for more bottom purchases, and increase new orders in the yellow phosphorus market.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the recent trend of the phosphate market is stable and upward. The price of raw material yellow phosphorus is firm, and there is support on the cost side. The demand for pre holiday stock of phosphoric acid is still present. It is expected that the short-term domestic phosphoric acid market will be dominated by strong consolidation and operation.