1、 Price trend

According to the bulk data list of business cooperatives, the average market price of 85% industrial grade phosphoric acid in China was 10510 yuan/ton on October 17, and 10390 yuan/ton on October 21. This week, the price of domestic industrial grade thermal phosphoric acid fell 1.14%.

According to the bulk data list of business cooperatives, the average market price of 85% wet process phosphoric acid in China was 9800 yuan/ton on October 17, and 9700 yuan/ton on October 21. The domestic price of wet process phosphoric acid fell 1.02% this week.

2、 Market analysis

The price of phosphoric acid market fluctuated and fell this week. The price of raw material yellow phosphorus is stable and the cost support is average. At present, there is no good news on the market, manufacturers and dealers operate cautiously, and the industry is in a strong wait-and-see mood. Downstream procurement is mainly based on demand, with stable delivery and investment. As of October 21, the average price of 85% thermal phosphoric acid in the domestic market was about 10390 yuan/ton, and the average price of 85% wet phosphoric acid in the domestic market was about 9700 yuan/ton. The ex factory quotation of 85% thermal phosphoric acid in Sichuan is 9950-11000 yuan/ton, the ex factory quotation of 85% thermal phosphoric acid in Yunnan is about 10800 yuan/ton, and the market quotation of 85% thermal phosphoric acid in Hubei is about 10000 yuan/ton. The market quotation of 85 content WPA in Hubei is about 9400 yuan/ton, and that in Nanjing is about 10000 yuan/ton.

Phosphorus ore as raw material. This week, the phosphorus ore market was in a stable and consolidated operation as a whole. In special periods, logistics was limited, some mining enterprises stopped production, and the information on the site was relatively calm. Although the downstream phosphate fertilizer market continues to be weak and the demand side is generally supported, the overall offer of phosphate rock mining enterprises is mainly stable due to the tight supply.

Raw material yellow phosphorus. This week, Yunnan Guizhou yellow phosphorus market was mainly wait-and-see, and the actual market transaction price declined. At present, the market of yellow phosphorus is relatively light, and the enthusiasm for taking goods in the downstream is not high. In addition, transportation in some regions is limited. Most yellow phosphorus enterprises offer firm prices, and now they mainly issue early orders. Most yellow phosphorus manufacturers do not offer external prices for the time being, but only discuss them. Up to now, the mainstream quotation of Yunnan yellow phosphorus is about 37000 yuan/ton; The mainstream quotation of Sichuan yellow phosphorus is about 37000 yuan/ton; The mainstream quotation of Guizhou yellow phosphorus is about 37000 yuan/ton. The manufacturer’s quotation is basically unchanged.

3、 Future market forecast

Phosphoric acid analysts from the business community believe that the raw material yellow phosphorus market has been consolidated this week, and the wait-and-see sentiment of the phosphoric acid market has increased. Downstream purchase on demand, with limited release of terminal demand. It is expected that the price of phosphoric acid market will fluctuate in a narrow range in the short term. It is suggested to pay attention to the changes in the raw material market.