Phosphoric Acid Market Prices Slightly Increased (8.4-8.11)

August 11th News

I. Price Trends

According to the commodity market analysis system, as of August 11, the reference average price for 85% industrial-grade thermal phosphoric acid in China was 6,710 CNY per ton, an increase of 0.30% from the reference average price of 6,690 CNY per ton on August 4.

Market aspect

This week, the market price of phosphoric acid in China slightly increased. As of August 11, the ex-factory quotation for 85% thermal phosphoric acid in Hubei region was around 6,400-6,850 CNY/ton, in Yunnan region it was around 6,500 CNY/ton, and in Sichuan region it was around 6,450-6,850 CNY/ton. The market quotation for 85% wet-process phosphoric acid in China was around 6,500-7,450 CNY/ton.

Cost aspect

In terms of raw material yellow phosphorus, the market price in China showed a strong increase this week. At the beginning of the week, due to supply-side support, manufacturers mainly held firm on prices, leading to an increase in the market price of yellow phosphorus. After the rise in yellow phosphorus prices, downstream buyers became cautious, causing the prices to start softening. It is expected that the price of yellow phosphorus will consolidate in the short term.

III. Future Market Forecast

Phosphate analysts believe: Recently, the phosphate market in China has been mainly stable. The raw material, yellow phosphorus, is holding steady, with cost support weakening. The phosphate market transactions are stable, and downstream purchases are made according to demand. It is expected that the Chinese phosphate market will mainly experience narrow fluctuations in the short term.