1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of July 11th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6680 yuan/ton, which is 0.60% higher than the reference average price of 6640 yuan/ton on July 7th.
2、 Market analysis
Market Aspects
The domestic phosphoric acid market prices have risen this week. As of July 11th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6300-6800 yuan/ton, in Yunnan region it is around 6500 yuan/ton, and in Sichuan region it is around 6400-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6500-7450 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. The market price of raw material yellow phosphorus has risen this week. This week, the supply of yellow phosphorus in the market is tight, and manufacturers are mainly reluctant to sell, resulting in an increase in the transaction price of yellow phosphorus in the market. Be cautious downstream and prioritize restocking for urgent needs. Short term yellow phosphorus prices are expected to be strong.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been stable and rising recently. The price of raw material yellow phosphorus has increased, leading to an increase in cost support. The phosphoric acid market has stable trading and an increase in inquiries. It is expected that the short-term domestic phosphoric acid market will be dominated by strong consolidation and operation.
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