1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, as of September 25th, the reference average price of 85% industrial grade phosphoric acid in China is 6800 yuan/ton, which is stable compared to the reference average price of 6800 yuan/ton on September 19th.
According to the Commodity Market Analysis System of Shengyi Society, as of September 25th, the reference average price of 85% wet process phosphoric acid in China was 6966 yuan/ton, which is 0.95% lower than the reference average price of 7033 yuan/ton on September 19th.
2、 Market analysis
This week, the domestic phosphoric acid market experienced narrow fluctuations. As of September 25th, the market price of 85% industrial phosphoric acid in Hubei region is around 6800-7000 yuan/ton, and the market price of 85% thermal phosphoric acid in Sichuan region is around 6700-6900 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6950-7050 yuan/ton.
Cost end
In terms of raw material yellow phosphorus. This week, the price of raw material yellow phosphorus has decreased, leading to a lack of market confidence and a poor trading atmosphere. The shipment of yellow phosphorus was not smooth before the holiday, and downstream price cutting procurement was the main reason. It is expected that the short-term yellow phosphorus market will continue to weaken and decline.
Raw material phosphate rock market. This week, the market price of phosphate ore remained stable at a high level, with tight supply in some areas, and the main focus was on issuing preliminary orders. It is expected that domestic phosphate rock prices will remain stable in the short term.
Supply and demand side
This week, the supply and demand in the phosphoric acid market are relatively balanced. There is currently no significant change in market supply, downstream purchases are made on demand, and the enthusiasm for receiving goods is average. The prices of some phosphoric acid enterprises have slightly decreased, and the market is in urgent need of support. It is expected that there will be no significant fluctuations in short-term supply and demand.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been stagnant and consolidating recently. Due to the decrease in the price of raw material yellow phosphorus, some phosphoric acid manufacturers have made slight adjustments. At present, cost support is weakening, but pre holiday demand remains. It is expected that the short-term phosphoric acid market price will remain stagnant and operate mainly.
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