1、 Price trend

According to the commodity market analysis system of the business community, as of July 28, the reference average price of 85% thermal phosphoric acid in China was 6640 yuan/ton, which was 0.61% higher than the reference average price of 6600 yuan/ton on July 24.

According to the Commodity Market Analysis System of Business Society, as of July 28th, the reference average price of 85% wet process phosphoric acid in China was 6433 yuan/ton, which is lower than the reference average price of 6433 yuan/ton on June 24th. The domestic wet process phosphoric acid price remained stable this week.

2、 Market analysis

The phosphoric acid market price has slightly increased this week. The market for raw material yellow phosphorus is strong, with some support for costs. However, the downstream still maintains a wait-and-see attitude, with immediate replenishment being the main focus, and the market trading atmosphere is average. As of July 28, the ex factory quotation of 85% thermal phosphoric acid in Yunnan was about 6700 yuan/ton, and that of 85% thermal phosphoric acid in Hubei was about 6700-6800 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 5700-7300 yuan/ton.

In terms of raw material yellow phosphorus, the price of yellow phosphorus has been strong this week, and the market spot is slightly tight. It is difficult to find low-priced sources of goods on the market, and the atmosphere of new order negotiations is relatively strong. As of now, the market quotation in Sichuan region is around 23500-23700 yuan/ton, and the actual transaction is negotiable.

3、 Future Market Forecast

Phosphoric acid analysts from Business Society believe that the recent narrow adjustment in phosphoric acid prices has resulted in acceptable support for raw materials. However, downstream demand performance is average, with downstream cautious wait-and-see as the main focus. It is expected that the market price of phosphoric acid will slightly adjust and operate in the short term.