1、 Price trend
| Chitosan oligosaccharide |
According to data from the Business News Agency, as of March 20, the average factory price of 85% thermal phosphoric acid in China was 8175 yuan/ton, which was 8216 yuan/ton compared to the average factory price on March 13. This week, the domestic thermal phosphoric acid price fell by 0.51%.
According to data from Business News Agency, as of March 20, the average market price of 85% wet-process phosphoric acid in China was 8300 yuan/ton, which was 1.22% higher than the average market price of 8200 yuan/ton on March 13.
2、 Market analysis
The price of thermal phosphoric acid decreased slightly this week. At present, market demand is sluggish and the market is weak. The raw material yellow phosphorus market is not good, and phosphoric acid manufacturers and distributors are mainly wait-and-see. The price of wet process phosphoric acid rose slightly this week. The price of raw phosphate rock is running at a high level, with strong cost support. As of March 20, the factory quotation for 85% thermal phosphoric acid in Sichuan is around 7950 to 8200 yuan/ton, the factory quotation for 85% thermal phosphoric acid in Yunnan is around 8200 yuan/ton, and the factory quotation for 85% thermal phosphoric acid in Hubei is around 8000-8200 yuan/ton. The domestic market quotation for 85% wet-process phosphoric acid is around 7500-8900 yuan/ton.
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In terms of raw material yellow phosphorus, the market price of Yungui yellow phosphorus fell this week. The manufacturer has issued multiple preliminary orders, and the devices of many enterprises are currently in maintenance status, so no external quotation will be made temporarily. The market has a strong wait-and-see atmosphere, and overall, there are fewer transactions in the market, focusing on maintaining stable operation. Up to now, the mainstream quotation is around 28500-32000 yuan/ton, and the actual transaction is negotiated on a single basis.
In terms of raw phosphorus ore. This week, the overall domestic phosphorus ore market remained stable at a high level. The overall supply side of the phosphate rock field remains tight, and the supply side continues to support high market quotations. With the arrival of the spring plowing season, the downstream demand of the terminal continues to increase, and the downstream demand side of the phosphate rock performs steadily.
3、 Aftermarket Forecast
Phosphoric acid analysts from the Business Society believe that the market trend of raw material yellow phosphorus is weak recently, and the hot process phosphoric acid market is dominated by wait-and-see. Currently, there are relatively few transactions on the market, and downstream purchases are made on demand. It is expected that the weak price of phosphoric acid will be dominated by consolidation and operation in the short term.
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