1、 Price trend
As of August 19th, the reference average price of 85% industrial thermal phosphoric acid market in China is 8625 yuan/ton, which is 0.58% lower than the reference average price of 8675 yuan/ton on August 11th.
2、 Market analysis
market conditions
In mid August, the market price of phosphoric acid experienced a narrow decline. The prices of raw materials yellow phosphorus and sulfur have weakened, and cost support has weakened. Phosphoric acid has followed the downward trend of the raw material market. The operating rate of enterprises is stable, and currently the supply and demand of the phosphoric acid market are stable. Downstream purchases are made according to demand, and the market trading atmosphere is not good. Demand needs to be improved. As of August 19th, the market price of 85% industrial thermal phosphoric acid in China is around 8200-9500 yuan/ton, and the market price of 85% wet process phosphoric acid in China is around 8100-9000 yuan/ton.
In terms of cost
In mid August, the market prices of raw materials yellow phosphorus and sulfur showed a downward trend. At present, the trading of yellow phosphorus market is weak, and the focus of market transactions has shifted downwards. It is expected to experience narrow fluctuations in the short term. The sulfur market has shown weak performance, with a wait-and-see attitude and a cautious attitude towards downstream markets.
3、 Future forecast
The phosphoric acid analyst from Shengyi Society believes that the recent trend of the phosphoric acid market is mainly downward. Due to insufficient cost support and limited market demand, transactions in the phosphoric acid market are average. It is expected that the short-term phosphoric acid market price will be weak and fluctuate.
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