1、 Price trend
According to the Commodity Market Analysis System of Business Society, as of April 22, the reference average price of 85% thermal phosphoric acid in China was 6660 yuan/ton, which is 6560 yuan/ton compared to the reference average price on April 15. This week, the domestic price of thermal phosphoric acid increased by 1.52%.
2、 Market analysis
The domestic phosphoric acid market prices have risen this week. The price of raw material yellow phosphorus has been raised, providing good cost support. The price of thermal phosphoric acid has followed the upward trend of raw materials. Wet process phosphoric acid spot supply is tight, market demand is stable, downstream purchases are made on demand, and the market tends to stabilize after an increase. As of April 22nd, the market price for 85% thermal phosphoric acid in Hubei region is around 6600-7000 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6250-6800 yuan/ton.
In terms of raw material yellow phosphorus. The price of yellow phosphorus in the market has stabilized after rising this week. At present, the trading situation in the yellow phosphorus field is good, and downstream procurement is more active. The supply of goods is relatively tight, and manufacturers have a strong mentality of price support. As of April 22, the reference price for the yellow phosphorus market is around 23593 yuan/ton, and the actual transaction is negotiable.
3、 Future Market Forecast
Business Society’s phosphoric acid analyst believes that the phosphoric acid market has been operating well recently. The price of raw material yellow phosphorus is strong, with good cost support and a balanced market supply and demand. It is expected that the short-term phosphoric acid market will remain stable with an upward trend.
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