1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of August 11th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6710 yuan/ton, which is 0.30% higher than the reference average price of 6690 yuan/ton on August 4th.
2、 Market analysis
Market Aspects
This week, the domestic phosphoric acid market prices have slightly increased. As of August 11th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6400-6850 yuan/ton, in Yunnan region it is around 6500 yuan/ton, and in Sichuan region it is around 6450-6850 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6500-7450 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the market price of raw material yellow phosphorus has shown a strong upward trend. At the beginning of the week, due to supply support, manufacturers mainly raised prices, and the market price of yellow phosphorus increased. After the rise of yellow phosphorus, downstream customers are cautious in receiving goods, and prices are starting to loosen. Expected short-term consolidation and operation of yellow phosphorus prices.
3、 Future forecast
The phosphoric acid analyst from Shengyi Society believes that the recent phosphoric acid market has been mainly stable. The raw material yellow phosphorus is running at a stalemate, and the cost support is weakened. The phosphoric acid market has stable trading and downstream purchases are made on demand. It is expected that the domestic phosphoric acid market will mainly experience narrow fluctuations in the short term.