1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, as of July 22, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6480 yuan/ton, which is 0.62% higher than the reference average price of 6440 yuan/ton on July 15.
According to the Commodity Market Analysis System of Shengyi Society, as of July 22, the reference average price of 85% wet process phosphoric acid in China was 6716 yuan/ton, which is 0.75% higher than the reference average price of 6666 yuan/ton on July 15.
2、 Market analysis
market conditions
This week, the domestic phosphoric acid market prices have slightly increased. As of July 22, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6300-6600 yuan/ton, and the ex factory price of 85% industrial phosphoric acid in Sichuan region is around 6300-6500 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6650-6750 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the yellow phosphorus market has been steadily consolidating and running. Yellow phosphorus enterprise owners place preliminary orders, but downstream enterprises have low purchasing enthusiasm and mainly engage in low-priced transactions. It is expected that the domestic yellow phosphorus market prices will consolidate in the short term.
Raw material phosphate rock market. This week, the market price of phosphate ore has been running steadily, with slight adjustments in some areas. Market inquiries are still acceptable, demand is stable, and downstream purchases are mainly for essential needs. It is expected that domestic phosphate rock prices will remain stable in the short term.
Supply and demand side
At present, the supply of hot process phosphoric acid in the market is stable, while some wet process phosphoric acid manufacturers have undergone equipment maintenance, resulting in a decrease in market supply. However, there is still support on the supply side. At present, the market demand is weak, with downstream demand for replenishment being the main focus, and on-site transactions are relatively low.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has recently undergone a narrow adjustment. The raw material prices are stable, and the cost support is average. Weakness in supply and demand, resulting in sluggish market transactions. It is expected that the short-term market price of phosphoric acid will continue to experience slight consolidation.
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