1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Business Society, as of June 13th, the reference average price of 85% thermal phosphoric acid in China was 6500 yuan/ton, which is a decrease of 1.52% compared to the reference average price of 6600 yuan/ton on June 1st.
According to the Commodity Market Analysis System of Business Society, as of June 13th, the reference average price of 85% wet process phosphoric acid in China was 6766 yuan/ton, which is 6813 yuan/ton compared to the reference average price on June 1st. This week, the price of wet process phosphoric acid in China decreased by 0.73%.
2、 Market analysis
Entering June, the domestic phosphoric acid market prices fluctuated and fell. As of June 13th, the market price for 85% thermal phosphoric acid in Hubei region is around 6400-6800 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6250-6800 yuan/ton.
Cost side
In terms of raw material yellow phosphorus. Entering June, the price of yellow phosphorus in the market is weak and declining. The market transaction atmosphere is poor, downstream purchases are priced down, and manufacturers mainly place early orders. At present, bearish sentiment is dominant in the market, and it is expected that domestic yellow phosphorus prices will remain weak and consolidate in the short term.
Market for raw material phosphate rock. Recently, the market price of phosphate ore has remained stable. The inquiry atmosphere inside the phosphate ore field is mild, and the pace of phosphate ore shipments in some areas is clear, with a good mentality among the operators. It is expected that the short-term domestic phosphate ore market will remain stable with minor adjustments.
Supply and demand side
At present, the phosphoric acid market has sufficient supply and a moderate trading atmosphere. The downstream demand for phosphoric acid is mainly for rigid procurement, and the purchasing enthusiasm is not high. The mentality of buying up instead of buying down has increased, and the terminal demand needs to be improved. Manufacturers and distributors can flexibly adjust prices, with a single negotiation being the main focus.
3、 Future Market Forecast
Business Society’s phosphoric acid analyst believes that the phosphoric acid market has been operating weakly recently. At present, there is insufficient support for costs and demand, and the market is mainly bearish, making it difficult for the short-term market to improve. It is expected that the short-term phosphoric acid market price will continue to be weak and consolidate. It is recommended to pay attention to changes in the raw material market.
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