1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of May 17th, the reference average price of 85% thermal phosphoric acid in China was 6570 yuan/ton, which is a decrease of 1.20% compared to the reference average price of 6650 yuan/ton on May 13th.

2、 Market analysis

The domestic phosphoric acid market prices have fallen this week. Downstream on-demand procurement, with relatively stable demand. The price of raw material yellow phosphorus has slightly decreased, with insufficient cost support. The price of thermal phosphoric acid follows the trend of raw materials and tends to be weak. The wet process phosphoric acid market is steadily declining, with slight consolidation and operation. As of May 17th, the market price for 85% thermal phosphoric acid in Hubei region is around 6350-6900 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6300-7000 yuan/ton.

In terms of raw material yellow phosphorus. The market price of yellow phosphorus has slightly decreased this week. At present, the trading situation in the yellow phosphorus field is still good, with manufacturers mainly issuing early orders and controllable inventory, while yellow phosphorus enterprises mainly raise prices. Downstream inquiries are more positive, procurement is more cautious, and demand is mainly for immediate needs. Overall, the upstream and downstream are relatively deadlocked. As of now, the market quotation for yellow phosphorus is around 22500-23000 yuan/ton, and the actual transaction is negotiable.

Market for raw material phosphate rock. This week, the domestic phosphate ore market remained stable and organized. The current inquiry atmosphere in the phosphate ore field is mild, and the pace of phosphate ore shipments in some areas is clear, with a good mentality among the operators. As of May 17th, the domestic market price for 30 grade phosphate ore is around 1030-1100 yuan/ton.

3、 Future Market Forecast

Business Society’s phosphoric acid analyst believes that the recent trend of the phosphoric acid market has been downward. The raw material yellow phosphorus is weakly sorted and operated, and the phosphoric acid market maintains a buying up and not buying down mentality, with cautious market operations as the main focus. At present, there is no positive support in the market, and it is expected that the short-term phosphoric acid market will continue to operate in a wait-and-see manner.