1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of April 11th, the reference average price of 85% industrial grade phosphoric acid in China was 6860 yuan/ton, which is 0.29% higher than the reference average price of 6840 yuan/ton on April 7th.

2、 Market analysis
Market Aspects
The domestic phosphoric acid market prices have risen this week. As of April 11th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6500-7000 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6900-7100 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6650-7300 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. After the rise in the yellow phosphorus market this week, it has been running steadily, and enterprises are still mainly issuing early orders. At present, the supply in the spot market is tight, and downstream demand for replenishment is urgent. Expected short-term consolidation and operation of domestic yellow phosphorus prices.
Supply and demand side
The supply and demand balance in the phosphoric acid market this week. At present, the supply of phosphoric acid in the market is stable, with stable shipments on the demand side and downstream procurement based on demand. Expected to maintain a balance between supply and demand in the short term.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the recent rise in the phosphate market has led to consolidation and operation. The price of raw material yellow phosphorus has increased, leading to an increase in cost support. Phosphoric acid companies have followed the increase in raw material prices, and market transactions are still acceptable. It is expected that the domestic phosphoric acid market will strengthen and consolidate in the short term.