Phosphate Market Trends and Performance Summary (8.18–8.25)

August 25, News

I. Price Trends

According to the commodity market analysis system, as of August 25, the reference average price of 85% industrial-grade thermal phosphoric acid in China was 6,700 CNY per ton, unchanged from the reference average price of 6,700 CNY per ton on August 18. The market price of industrial-grade thermal phosphoric acid in China remained stable.

II. Market Analysis

Market Perspective

This week, the phosphoric acid market prices in China were mainly stable. As of August 25, 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 6,400-6,800 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 of yellow phosphorus in China rose slightly this week. The inventory of yellow phosphorus in the Chinese market is tight, and the trading atmosphere is good. Downstream buyers are mostly purchasing at low prices and remain cautious in their outlook. It is expected that the price of yellow phosphorus will stabilize in the short term.

III. Market Forecast

Phosphate analysts believe: Recently, the phosphate market has been running steadily. Currently, the raw material yellow phosphorus market is mainly in a stalemate, with costs still supported. The supply and demand in the phosphate market are stable, and downstream purchases are cautious. It is expected that the phosphate market in China will continue to consolidate in the short term.