1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, as of August 26th, the reference average price of 85% industrial grade thermal phosphoric acid in China is 6560 yuan/ton, which is 0.15% higher than the reference average price of 6550 yuan/ton on August 19th.
According to the Commodity Market Analysis System of Shengyi Society, as of August 26th, the reference average price of 85% wet process phosphoric acid in China was 6816 yuan/ton, which is 0.99% higher than the reference average price of 6750 yuan/ton on August 19th.
2、 Market analysis
The domestic phosphoric acid market has risen this week. As of August 26th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6500-6700 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6600 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6800-6900 yuan/ton.
Cost end
In terms of raw material yellow phosphorus. This week, the market price of yellow phosphorus has risen, and manufacturers have a strong willingness to raise prices. At present, the supply and demand are relatively balanced, with limited new orders in the market and average market trading. Expected short-term consolidation and operation of yellow phosphorus market.
Raw material phosphate rock market. This week, the market price of phosphate ore has been running steadily, with the main focus on early orders. At present, the market supply and demand are balanced, and there is a shortage of supply in some areas. It is expected that domestic phosphate rock prices will remain stable in the short term.
Supply and demand side
This week, the spot supply of phosphoric acid in the market remains tight, with some wet process phosphoric acid plants shutting down and market inventory decreasing, providing favorable support for the supply side. Downstream demand is still acceptable, procurement enthusiasm has slightly increased, and the market transaction atmosphere has improved.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has stabilized after a slight increase in recent days. At present, the raw material market is relatively strong and consolidating, and costs still have support. The market supply and demand situation is good. It is expected that the short-term phosphoric acid market will mainly experience price consolidation.
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