1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of October 23, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6620 yuan/ton, which is 0.45% lower than the reference average price of 6650 yuan/ton on October 17.
2、 Market analysis
Market aspect
This week, the domestic phosphoric acid market prices have slightly declined. As of October 23rd, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6200-6650 yuan/ton, in Yunnan region it is around 6300 yuan/ton, and in Sichuan region it is around 6200-6600 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. The market price of raw material yellow phosphorus has slightly increased this week. At present, there is a shortage of low-priced sources in the yellow phosphorus market, and manufacturers’ quotations are firm. Although the market transaction price has risen, downstream companies are mainly cautious and cautious, with fewer new orders being transacted. Short term yellow phosphorus prices are expected to remain stagnant.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has experienced slight fluctuations in recent days. The price of raw material yellow phosphorus has increased, and the cost support has increased, but the support is limited. At present, the supply and demand of the phosphoric acid market are stable, and the trading atmosphere is light. It is expected that the short-term domestic phosphoric acid market will mainly experience consolidation and operation.
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