1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of March 8th, the reference average price of 85% thermal phosphoric acid in China was 6630 yuan/ton, which is stable compared to the reference average price of 6630 yuan/ton on March 4th.

According to the Commodity Market Analysis System of Business Society, as of March 8th, the reference average price of 85% wet process phosphoric acid in China was 6633 yuan/ton, which is 6516 yuan/ton compared to the reference average price on March 4th. This week, the domestic wet process phosphoric acid price increased by 1.79%.

2、 Market analysis

This week, the price of thermal phosphoric acid fluctuated slightly, with a decrease in the price of raw material yellow phosphorus and insufficient cost support. At present, the demand for thermal phosphoric acid in the market is average, and prices are running smoothly. The industry is mainly cautious and watchful. This week, the price of wet process phosphoric acid has increased, leading to an increase in the price of raw material phosphate rock and increased cost support. The demand for wet process phosphoric acid in the market has increased, and the export market is improving. Manufacturers and distributors have raised their prices.

As of March 8th, the factory quotation for 85% thermal phosphoric acid in Yunnan region is around 6800 yuan/ton, and the factory quotation for 85% thermal phosphoric acid in Hubei region is around 6500-6700 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6050-7450 yuan/ton.

The focus of the domestic yellow phosphorus market has shifted downwards this week. The driving situation of yellow phosphorus in various regions is relatively stable, and the on-site trading situation is average. The manufacturer mainly issues preliminary orders, but the transaction situation of new orders is average. Traders have relatively flexible prices, and some manufacturers have low inventory, with price adjustments being the main focus. Downstream, there are many cases of price suppression and procurement, with a focus on observation and cautious procurement. Overall, the upstream and downstream games are organized within the price range. As of now, the market price for yellow phosphorus is around 23500 yuan/ton, and the actual transaction is negotiable.

In terms of raw material phosphate ore. This week, some mining companies in certain regions in China have raised prices in the mid to high end grade phosphate ore market narrowly, driving the overall focus of negotiations in the phosphate ore market upwards. As of March 8th, the domestic market price for 30 grade phosphate ore is around 1000-1100 yuan/ton.

3、 Future Market Forecast

The phosphoric acid analyst from Business Society believes that the current performance of the phosphoric acid market is inconsistent, and the market trend is changing with the trend of raw materials. It is expected that the short-term price of thermal phosphoric acid will weaken and consolidate, while the price of wet process phosphoric acid will continue to strengthen. It is recommended to pay attention to the trend of raw material market.