1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of January 7th, the reference average price of 85% thermal phosphoric acid in China was 6416 yuan/ton, which is 0.52% lower than the reference average price of 6450 yuan/ton on January 1st.

According to the Commodity Market Analysis System of Business Society, as of January 7th, the reference average price of 85% wet process phosphoric acid in China was 6510 yuan/ton, which is a decrease of 1.06% compared to the reference average price of 6580 yuan/ton on January 1st.

2、 Market analysis

The market price of phosphoric acid has fallen this week. The weak operation of raw material yellow phosphorus results in insufficient cost support. After the holiday, the phosphoric acid market continued to be sluggish, with fewer inquiries and relatively quiet transactions. Phosphoric acid manufacturers and distributors have lowered prices for shipments, leading to bearish sentiment in the market. As of January 7th, the factory quotation for 85% thermal phosphoric acid in Yunnan region is around 6600 yuan/ton, and the factory quotation for 85% thermal phosphoric acid in Hubei region is around 5850-6600 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 5500-7150 yuan/ton.

Market for raw material yellow phosphorus. This week, the domestic yellow phosphorus market has remained stable, and the overall market trading situation is relatively light. This week, the market has been driving steadily, with weak downstream demand. Traders and downstream buyers have average enthusiasm for purchasing goods, and downstream purchases are mostly cautious. New orders have limited transactions, and demand is mainly in demand. As of now, the market quotation for yellow phosphorus is around 23000 yuan/ton, and the actual transaction is negotiable.

In terms of raw material phosphate ore. The domestic phosphate ore market has risen this week. After the holiday, the trading atmosphere in the domestic phosphate ore market was mild, and downstream demand for procurement and stocking was high. After the holiday, some mining enterprises in certain regions of Sichuan and Guangxi in China will implement new prices for new orders, increasing the prices of mid to high-end grade phosphate ore by about 10-30 yuan/ton. The phosphate ore market in Guizhou and Yunnan regions is operating steadily. At present, there is a tight supply of phosphate ore in some regions, and the on-site spot circulation is tight. As of January 7th, the domestic market price for 30 grade phosphate ore is around 1030-1100 yuan/ton.

3、 Future Market Forecast

Business Society’s phosphoric acid analyst believes that the phosphoric acid market has been continuously weakening in recent days. The market for raw material yellow phosphorus is poor, and the cost support for phosphoric acid is insufficient. Downstream on-demand procurement, weak demand, and limited market trading. The short-term market situation is difficult to improve, and it is expected that the short-term phosphoric acid market price will continue to operate weakly.