1、 Price trend

According to the bulk data list of business cooperatives, on October 1, the reference average price of 85% domestic industrial thermal phosphoric acid was 10160 yuan/ton, and on October 28, the reference average price of 85% domestic industrial thermal phosphoric acid was 9840 yuan/ton. The domestic phosphoric acid price fell 3.15% this month.

According to the bulk data list of business cooperatives, the average market price of 85% wet process phosphoric acid in China was 9650 yuan/ton on October 1, and the average market price of 85% wet process phosphoric acid in China was 9350 yuan/ton on October 28. The price of domestic wet process phosphoric acid fell 3.11% this month.

2、 Market analysis

The phosphoric acid market rose first and then fell in October, with a decline of 3.15% in the month. In the first half of October, the price of raw material yellow phosphorus rose, with strong cost support. The phosphoric acid market rose with the fluctuation of raw materials. The downstream just needs replenishment, and the delivery is good. In the second half of October, the price of raw yellow phosphorus was stable and the cost support was average. There was no good news on the floor. The manufacturers and dealers operated cautiously, and the industry was in a wait-and-see mood. Downstream procurement is mainly based on demand, with stable delivery and investment. As of October 28, the average market price of 85 content industrial thermal phosphoric acid in China was about 9840 yuan/ton, and the average market price of 85 content wet process phosphoric acid in China was about 9350 yuan/ton. The ex factory quotation of 85% thermal phosphoric acid in Sichuan is 9400-9900 yuan/ton, and the market quotation of 85% thermal phosphoric acid in Hubei is 9500-10000 yuan/ton. The market quotation of 85 content WPA in Hubei is about 8900 yuan/ton, while that in Nanjing is about 9800 yuan/ton.

Raw phosphate rock market. The overall domestic phosphorus ore market fell slightly this month. After the National Day holiday, the trading atmosphere in the phosphate rock yard was quiet, and the weak market situation of the terminal phosphate fertilizer market gave ordinary support to the phosphate rock. Most of the support in the phosphate rock yard came from the continuous tension of the supply side, and the offer of the operators was multi-dimensional and stable. Some mining enterprises in Sichuan reduced the price of the phosphate rock market slightly, with a reduction rate of about 10 yuan/ton. According to the phosphorus ore data engineer of the business community, in the short term, the domestic phosphorus ore market will mainly operate stably, and the specific trend needs to pay more attention to the specific information changes on the supply and demand side.

Raw material yellow phosphorus market. The yellow phosphorus market price rose first and then fell this month. At present, the market trading and investment situation is average. Overall, it rose slightly. After the National Day holiday, yellow phosphorus moved upward, and after a small rise, the market weakened. Downstream picking up slowed down, inquiries increased, actual transaction was cautious, and yellow phosphorus market price fell back. In the second half of the month, the price of yellow phosphorus was relatively stable, and the manufacturers had a strong desire to support the price. Most manufacturers’ quotations were firm or suspended, and the actual transaction price in the market declined. Up to now, the manufacturer’s quotation is 37000 yuan/ton, and the actual transaction is mainly negotiated on a single basis.

3、 Future market forecast

Phosphoric acid analysts from the business community believed that the trend of raw yellow phosphorus in October was stable after rising, and the cost support was weakened. Influenced by raw materials, the phosphoric acid market rose and fell. At present, downstream procurement is on demand, and the industry is in a wait-and-see mood, with phosphoric acid trending downward. Under the current situation that the market is not favorable, it is expected that the weak phosphoric acid market will be dominated in the short term.