1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of April 3rd, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6840 yuan/ton, which is 1.19% higher than the reference average price of 6760 yuan/ton on March 31st.
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2、 Market analysis
Market Aspects
The domestic phosphoric acid market prices have risen this week. As of April 3rd, the factory price of 85% industrial thermal phosphoric acid in Hubei region is around 6600-7000 yuan/ton, and the factory price of 85% industrial thermal phosphoric acid in Sichuan region is around 6700-7000 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6600-7300 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the yellow phosphorus market has strengthened, with prices rising slightly. At present, the supply of yellow phosphorus in the market is tight, and business owners mainly place preliminary orders. It is expected that domestic yellow phosphorus prices will remain stable with a moderate to strong trend in the short term.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market trend has been upward recently. The price of raw material yellow phosphorus has strengthened, and cost support has increased. Phosphoric acid enterprises mainly maintain high prices, and market trading is still acceptable. It is expected that the domestic phosphoric acid market will remain stable and rise in the short term.
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