1、 Price trend
| Chitosan oligosaccharide |
According to the data of Business News Agency, as of February 24, the average market price of 85% thermal phosphoric acid in China was 8366 yuan/ton, down 0.20% from the average price of 8383 yuan/ton on February 20.
According to the data of Business News Agency, as of February 24, the average market price of 85% wet-process phosphoric acid in China was 8150 yuan/ton, which was 1.21% lower than the average price of 8250 yuan/ton on February 20.
2、 Market analysis
Mainstream market:
As of February 24, the ex-factory price of 85% thermal phosphoric acid in Sichuan is about 8200-8600 yuan/ton, that in Yunnan is about 8500 yuan/ton, and that in Hubei is about 8100-8600 yuan/ton. The domestic market price of 85% wet-process phosphoric acid is about 7550-8900 yuan/ton.
Cost side:
In terms of raw yellow phosphorus, the market price of Yunnan-Guizhou yellow phosphorus was lowered this week. The manufacturer has issued many preliminary orders. At present, the devices of many enterprises are in maintenance status, and the quotation is not available for the time being. The overall market trading situation is light. Under the bearish mood of the downstream, the buying enthusiasm is not high, the high-end price is difficult to deal, the operation is cautious, and the low market price frequently depresses the market confidence. Up to now, the mainstream quotation is about 31000 yuan/ton, and the actual transaction is a single negotiation.
| Gamma-PGA (gamma polyglutamic acid) |
In the aspect of raw phosphorus ore, the overall phosphorus ore market was stable at a high level this week. As of February 24, the domestic market price of 30% grade phosphate ore is around 1050-1100 yuan/ton, and the price of 28% grade phosphate ore is around 950-980 yuan/ton. The reference price of 32% grade phosphate ore is around 1180-1250 yuan/ton.
Supply and demand side:
The supply of phosphoric acid market was stable this week, and there was no major change in the supply side. Downstream procurement on demand is still cautious and wait-and-see. On-site trading is general, and terminal demand needs to be released.
3、 Aftermarket forecast
According to phosphoric acid analysts of the Business Society, due to the increase in the price of raw phosphorus and the strengthening of cost support, the market trend of thermal phosphoric acid has begun to rebound, and manufacturers have more willingness to increase. It is expected that the market price of phosphoric acid will rise in the short term.
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