1、 Price trend
As of May 22nd, the reference average price of 85% industrial thermal phosphoric acid market in China is 9700 yuan/ton, which is 12.53% higher than the reference average price of 8620 yuan/ton on May 12th.
2、 Market analysis
In the past ten days, the market price of phosphoric acid has shown a strong upward trend. The price of raw material yellow phosphorus has increased, and under cost pressure, phosphoric acid continues to rise along with the price of raw materials. The operating rate of the enterprise is stable, and downstream procurement is in high demand. The main focus is on individual negotiations for each transaction. At present, the market is mainly optimistic.
market conditions
As of May 22nd, the market price of 85% industrial thermal phosphoric acid in China is around 9500-10000 yuan/ton, and the market price of 85% wet process phosphoric acid in China is around 9600-10200 yuan/ton.
In terms of cost
In the past ten days, the price trend of yellow phosphorus in the market has been strong and upward, with a production rate of about 60% in the Yunnan Guizhou region. At present, the market supply is tight, and manufacturers are mainly pushing prices. As the price of yellow phosphorus rises at a high level, downstream buyers are cautious and mainly seek low prices for transactions. As of May 22nd, the yellow phosphorus market in Yunnan Guizhou region has been operating at a high level, with a reference price of around 33962 yuan/ton, and actual transactions are subject to negotiation.
3、 Future forecast
Recently, the trend of the phosphoric acid market has been dominant. The rise in costs has driven up the price of phosphoric acid, and the market’s mentality of buying up rather than buying down has increased. It is expected that the short-term market price of phosphoric acid will continue to rise strongly.
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