1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of September 18th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6700 yuan/ton, which is 0.15% lower than the reference average price of 6710 yuan/ton on September 12th.
2、 Market analysis
Market Aspects
This week, there was a narrow adjustment in the domestic phosphoric acid market prices, resulting in a slight decline in the overall market trend. As of September 18th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6450-6800 yuan/ton, in Yunnan region it is around 6450 yuan/ton, and in Sichuan region it is around 6400-6700 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. The market price of raw material yellow phosphorus has fallen this week. At present, the supply of yellow phosphorus in the market is sufficient, the market demand is weakened, and downstream purchases are being made at lower prices. To alleviate inventory pressure, it is expected that the short-term price of yellow phosphorus will be weak and adjusted.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been weak recently. The price of raw material yellow phosphorus has been lowered, and cost support has weakened. The market situation of phosphoric acid follows the downward trend of raw materials, and currently the market supply and demand are stable. It is expected that the short-term domestic phosphoric acid market will mainly experience consolidation and operation.
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