1、 Price trend
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According to the Commodity Market Analysis System of the Business Society, as of May 11th, the reference average price of 85% thermal phosphoric acid in China was 6550 yuan/ton, which is a decrease of 5.35% compared to the reference average price of 6920 yuan/ton on May 4th.
According to the Commodity Market Analysis System of Business Society, as of May 11th, the reference average price of 85% wet process phosphoric acid in China was 6683 yuan/ton, which is 3.84% lower than the reference average price of 6950 yuan/ton on May 4th.
2、 Market analysis
The price of phosphoric acid market continued to decline this week. The prices of raw phosphorus ore and yellow phosphorus continue to decline, with weak cost support. Downstream demand continues to be sluggish, market transactions are poor, and the bearish sentiment in the phosphoric acid market is strong. As of May 11th, the factory quotation for 85% thermal phosphoric acid in Sichuan region is around 5900-6500 yuan/ton, while the factory quotation for 85% thermal phosphoric acid in Yunnan region is around 6500 yuan/ton, and the factory quotation for 85% thermal phosphoric acid in Hubei region is around 6350-6450 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6350-7100 yuan/ton.
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In terms of raw material yellow phosphorus, the price of Yunnan Guizhou yellow phosphorus market fell this week. At present, the overall market trading situation of yellow phosphorus is poor, and the demand on the market continues to be weak. The inventory on site is under pressure, and some enterprises are stopping for maintenance to alleviate the pressure. The manufacturer will not provide a quotation to the public for the time being, and will discuss the actual order in detail. Downstream procurement is more cautious, with lower prices and a downward focus on the transaction price of new orders. As of now, the mainstream quotation is around 20000 yuan/ton, and the actual transaction is negotiable.
In terms of raw phosphorus ore, the overall domestic phosphorus ore market has been weak and declining this week, with the overall focus of the market exploring downward. At present, although the overall support for the supply side of phosphate rock in China is still acceptable, the overall operating rate downstream of the phosphate rock industry chain is relatively low, and the demand for phosphate rock in some regions has weakened. The overall atmosphere in phosphate rock yards is average, and some mining companies have lowered the prices of mid to high-end grade phosphate rock by around 20-50 yuan/ton.
3、 Future Market Forecast
According to phosphoric acid analysts from Business Society, the phosphoric acid market has remained weak in recent days, with raw material prices decreasing and cost side support weakening. Downstream demand is weak, and the mentality of buying up instead of buying down has increased, with a focus on wait-and-see. Under the influence of negative factors, the phosphoric acid market price is expected to continue to decline in the short term.
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