1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of January 14th, the reference average price of 85% thermal phosphoric acid in China was 6360 yuan/ton, which is 6510 yuan/ton compared to the reference average price on January 8th. This week, the domestic price of thermal phosphoric acid decreased by 2.30%.

According to the Commodity Market Analysis System of Shengyishe, as of January 14th, the reference average price of 85% wet process phosphoric acid in China was 6316 yuan/ton, which is a decrease of 1.56% compared to the reference average price of 6416 yuan/ton on January 8th.

2、 Market analysis

The market price of phosphoric acid has fallen this week. The price of raw material yellow phosphorus has slightly increased this week, with increased cost support. However, the phosphoric acid market remains sluggish, and the demand side has not improved yet. At present, the shipment of phosphoric acid in the market is not smooth, and downstream procurement intentions are weak. Manufacturers and distributors have lowered their prices steadily. As of January 14th, 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 5800-6700 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 5300-6950 yuan/ton.

Market for raw material yellow phosphorus. This week, the domestic yellow phosphorus market has been on the rise, and the overall market trading situation is relatively active. The market is driving steadily, with traders and downstream buyers showing good enthusiasm, and yellow phosphorus manufacturers collectively increasing prices. The focus of new transactions has shifted upwards. As of now, the market quotation for yellow phosphorus is around 23800-24000 yuan/ton, and the actual transaction is negotiable.

In terms of raw material phosphate ore. In terms of raw material phosphate ore. The domestic phosphate ore market has been operating steadily this week. At present, the supply of phosphate ore in the field is still tight, with some areas experiencing tight spot prices. The downstream of phosphate ore is mainly for procurement of essential goods. As of January 14th, the domestic market price for 30 grade phosphate ore is around 1030-1100 yuan/ton, with some regions offering higher prices around 1150 yuan/ton.

3、 Future Market Forecast

Business Society’s phosphoric acid analyst believes that the phosphoric acid market has continued to weaken in recent days. Although the raw material yellow phosphorus market is improving, the demand in the phosphoric acid market is not good, and downstream replenishment willingness is weak. The market is still bearish, and it is expected that the short-term phosphoric acid market price will be weak and consolidating. It is recommended to observe the trend of raw materials and changes in demand.