1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of March 18th, the reference average price of 85% industrial grade phosphoric acid in China was 6760 yuan/ton, which is 0.60% higher than the reference average price of 6720 yuan/ton on March 11th.

2、 Market analysis

Market Aspects

The domestic phosphoric acid market prices have risen this week. As of March 18th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6600-6900 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6700-6900 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6600-7100 yuan/ton.

In terms of cost

In terms of raw material yellow phosphorus. The yellow phosphorus market has strengthened this week, with prices continuing to rise. At present, the supply of yellow phosphorus in the market is tight, and manufacturers have raised prices, resulting in low market inventory. Downstream urgent replenishment requires cautious procurement. It is expected that the domestic yellow phosphorus price will remain strong in the short term.

Supply and demand side

The supply and demand balance in the phosphoric acid market this week. At present, the supply of phosphoric acid in the market is stable, with stable shipments on the demand side and downstream procurement based on demand. Expected to maintain a balance between supply and demand in the short term.

3、 Future forecast

Business Society’s phosphate analyst believes that the phosphate market has risen recently. The price of raw material yellow phosphorus has increased, leading to an increase in cost support. Some phosphoric acid companies have raised prices, but caution remains. It is expected that the domestic phosphoric acid market will remain stable with a moderate upward trend in the short term.