1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of November 14th, the reference average price of 85% thermal phosphoric acid in China is 6750 yuan/ton, which is stable compared to the reference average price of 6750 yuan/ton on November 8th.
According to the Commodity Market Analysis System of Shengyi Society, as of November 14th, the reference average price of 85% wet process phosphoric acid in China is 7000 yuan/ton, which is 0.48% higher than the reference average price of 6966 yuan/ton on November 8th.
2、 Market analysis
Market aspect
This week, the price of hot process phosphoric acid remained stable, while the price of wet process phosphoric acid slightly increased. As of November 14th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6600-7000 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6800-7000 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6950-7050 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the price of yellow phosphorus in the market has weakened and fallen, and the focus of market transactions has shifted downwards. At present, the market supply is stable, and downstream customers are cautious in purchasing goods and prioritize demand. It is expected that domestic yellow phosphorus prices will stabilize in the short term.
Raw material phosphate rock market. This week, the phosphate ore market has remained stable, mainly operating at a high level. At present, local supply is tight and supply and demand are relatively balanced. It is expected that domestic phosphate rock prices will remain stable in the short term.
Supply and demand side
This month, the supply and demand of the phosphoric acid market are balanced, and the market transaction atmosphere is quiet. At present, the spot supply in the market is still acceptable, downstream demand is stable, and there is a small amount of replenishment. There is currently no significant change in the supply and demand side.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the phosphate market has been operating in a narrow range recently. The price of raw material yellow phosphorus has been lowered, and cost support has weakened. Market trading is limited, and there are not many new transactions. Short term phosphoric acid market prices are expected to remain stagnant and operate steadily.
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