SunSirs: The Phosphoric Acid Market Weakened and Fell in July

Price trend

According to the Commodity Market Analysis System of SunSirs, the reference average price of 85% thermal phosphoric acid in China on July 31 was 8,725 RMB/ton, which is 9.11% lower than the reference average price of 9,600 RMB/ton on July 1.

According to the Commodity Market Analysis System of SunSirs, on July 31st, the reference average price of 85% wet process phosphoric acid in China was 8,850 RMB/ton, which is 16.51% lower than the reference average price of 10,600 RMB/ton on July 1st.

Market analysis

Market conditions

The domestic phosphoric acid market has experienced a high decline this month. The price of raw material yellow phosphorus first suppressed and then rose, while the price of raw material sulfur fluctuated, and the cost support is still acceptable. This month, the demand for phosphoric acid market is weak, downstream procurement intentions are cautious, and market transactions are sluggish. As of July 31st, the market price of 85% industrial thermal phosphoric acid in China is around 8,200-10,000 RMB/ton, and the market price of 85% wet process phosphoric acid in China is around 8,300-10,000 RMB/ton.

In terms of cost

Raw material yellow phosphorus market. This month, the yellow phosphorus market first fell and then rose, with overall supply being tight and downstream demand being average. Manufacturers mainly raised prices. Raw material sulfur market. This month, the sulfur market has fluctuated at a high level, with downstream procurement maintaining basic demand and average demand. The market's upward momentum is limited.

Future forecast

The phosphoric acid analyst from SunSirs believes that the recent trend of phosphoric acid market prices has been consolidating and operating. At present, the demand for phosphoric acid in the market is weak, and there is still support on the cost side. It is expected that the short-term domestic phosphoric acid market will mainly focus on consolidation and operation.

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