1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, as of October 21st, the reference average price of 85% thermal phosphoric acid in China is 6780 yuan/ton, which is 0.15% higher than the reference average price of 6770 yuan/ton on October 14th.
According to the Commodity Market Analysis System of Shengyi Society, as of October 21st, the reference average price of 85% wet process phosphoric acid in China is 6950 yuan/ton, which is stable compared to the reference average price of 6950 yuan/ton on October 14th.
2、 Market analysis
market conditions
This week, the domestic phosphoric acid market prices fluctuated narrowly, with consolidation as the main trend. As of October 21st, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6850-7000 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6750-6900 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 yellow phosphorus in the market has weakened and fallen. Some yellow phosphorus enterprises have maintenance plans, resulting in a decrease in market supply. Downstream purchases are made on demand, with a strong wait-and-see attitude, and market transactions are mainly based on low prices.
Raw material phosphate rock market. The phosphate ore market has remained stable this week, with prices remaining firm and a relatively optimistic outlook. It is expected that domestic phosphate rock prices will remain stable in the short term.
Supply and demand side
This month, the supply of phosphoric acid in the market is tight, with a shortage of spot goods and a slight increase in market prices. Downstream urgent procurement requires caution in obtaining goods. At present, there is still some support on the supply side.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the phosphate market has been experiencing slight fluctuations and consolidation in recent days. The price of raw material yellow phosphorus has been lowered, providing good cost support. At present, the supply in the spot market is tight, and the market has slightly rebounded. It is expected that the short-term phosphoric acid market will mainly experience price consolidation.
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