SunSirs: Narrowly Adjusted, Phosphoric Acid Market Prices Slightly Increased (July 15-22)

https://www.chemnet.com   Jul 23,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 22, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6,480 RBM/ton, which was 0.62% higher than the reference average price of 6,440 RBM/ton on July 15.

According to the Commodity Market Analysis System of SunSirs, as of July 22, the reference average price of 85% wet process phosphoric acid in China was 6,716 RBM/ton, which was 0.75% higher than the reference average price of 6,666 RBM/ton on July 15.

Analysis review

Market conditions: This week, the domestic phosphoric acid market prices had slightly increased. As of July 22, the ex factory price of 85% thermal phosphoric acid in Hubei region was around 6,300-6,600 RBM/ton, and the ex factory price of 85% industrial phosphoric acid in Sichuan region was around 6,300-6,500 RBM/ton. The domestic market price for 85% wet process phosphoric acid was around 6,650-6,750 RBM/ton.

In terms of cost: In terms of raw material phosphorus yellow. This week, the phosphorus yellow market had been steadily consolidating and running. Phosphorus yellow enterprise owners placed preliminary orders, but downstream enterprises had low purchasing enthusiasm and mainly engaged in low-priced transactions. It is expected that the domestic phosphorus yellow market prices will consolidate in the short term.

Raw material phosphate rock market: This week, the market price of phosphate rock had been running steadily, with slight adjustments in some areas. Market inquiries were still acceptable, demand was stable, and downstream purchases were mainly on demand. It is expected that domestic phosphate rock prices will remain stable in the short term.

Supply and demand side: As of July 22nd, the supply of thermal phosphoric acid in the market was stable, while some wet process phosphoric acid manufacturers had undergone equipment maintenance, resulting in a decrease in market supply. However, there was still support on the supply side. As of July 22nd, the market demand was weak, downstream replenishment was mainly based on demand, and on-site transactions were relatively low.

Market outlook

SunSirs' phosphate acid analyst believes that the phosphate acid market had recently undergone a narrow adjustment. The raw material prices were stable, and the cost support was average. Supply and demand were weak, and the market transactions were sluggish. It is expected that the short-term market price of phosphoric acid will continue to experience slight consolidation.

If you have any questions, please feel free to contact SunSirs with?support@SunSirs.com.

 Print  |    add to Favorites  |    Close