1、 Price trend

On August 31st, the reference average price of 85% thermal phosphoric acid in China was 8562 yuan/ton, which is 1.86% lower than the reference average price of 8725 yuan/ton on August 1st.
On August 31st, the reference average price of 85% wet process phosphoric acid in China was 8416 yuan/ton, which is 4.90% lower than the reference average price of 8850 yuan/ton on August 1st.
2、 Market analysis
market conditions
The domestic phosphoric acid market has been weak and declining this month. The cost side is polarized, with an increase in the price of raw material yellow phosphorus and a decrease in the price of raw material sulfur. This month, the supply and demand of the phosphoric acid market are stable, downstream purchases are made on demand, and the market is mainly adopting a wait-and-see attitude, with limited new transactions. As of August 31st, the market price of 85% hot process phosphoric acid in China is around 8100-9000 yuan/ton, and the market price of 85% wet process phosphoric acid in China is around 8150-9000 yuan/ton.
In terms of cost
Raw material yellow phosphorus market. This month, the price of yellow phosphorus in the market has risen due to tight supply, increased trading volume, and a push up in manufacturer prices. Raw material sulfur market. The sulfur market has weakened this month, with prices continuing to decline. Downstream procurement enthusiasm is average, and market transactions are weak.
3、 Future forecast
Analysts believe that the price trend of the phosphoric acid market has been steadily consolidating and operating in recent days. At present, the demand for phosphoric acid in the market is light, and the cost side is showing a differentiated trend, leading to an increase in market caution. It is expected that the domestic phosphoric acid market will mainly experience narrow fluctuations in the short term.