1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of August 25th, the reference average price of 85% industrial grade thermal phosphoric acid in China is 6700 yuan/ton, which is stable compared to the reference average price of 6700 yuan/ton on August 18th.
2、 Market analysis
Market Aspects
This week’s domestic phosphoric acid market price consolidation is the main focus. As of August 25th, 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 6400-6800 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. The market price of raw material yellow phosphorus has slightly increased this week. The inventory of yellow phosphorus market is tight, and the market transaction atmosphere is good. Downstream purchases are mostly low-priced, and caution is still the main focus. Expected short-term consolidation and operation of yellow phosphorus prices.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been running steadily in recent days. At present, the market for raw material yellow phosphorus is mainly in a state of stagnation and consolidation, and there is still support for costs. The supply and demand of the phosphoric acid market are stable, and downstream purchases are cautious. It is expected that the domestic phosphoric acid market will consolidate and operate in the short term.