1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% thermal phosphoric acid in China was 6680 yuan/ton on February 1st, and 6760 yuan/ton on February 28th. The price of thermal phosphoric acid in China has increased by 1.20% this month.
According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% wet process phosphoric acid in China was 7100 yuan/ton on February 1st, and 7133 yuan/ton on February 28th. The price of wet process phosphoric acid in China has increased by 0.47% this month.
2、 Market analysis
The phosphoric acid market has fluctuated and risen slightly this month. The market for raw material yellow phosphorus has weakened, and cost support has weakened. But the market demand is still acceptable, downstream purchases are made on demand. Stable trading. As of February 28th, the ex factory price of 85 thermal phosphoric acid in Hubei region is around 6600-7000 yuan/ton, and in Sichuan region it is around 6550-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6700-7200 yuan/ton.
Raw material yellow phosphorus market. This month, the market price of yellow phosphorus first rose and then fell. In the first half of this month, the price of yellow phosphorus increased slightly. Yellow phosphorus manufacturers are mainly raising prices, the market supply is tightening, demand is stable, and there is support on the supply and demand side. In the second half of this month, the price of yellow phosphorus began to decline. The market supply is loose, downstream demand for replenishment is high, and purchasing intentions are low, resulting in many low-priced transactions.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been consolidating and operating recently. Raw material yellow phosphorus manufacturers are mainly raising prices, and there are signs of an upward trend in the market. The phosphoric acid market remains on the sidelines, with a balanced supply and demand. It is expected that the domestic phosphoric acid market will stabilize and operate in the short term.
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