Narrow Fluctuations in Phosphate Prices in China (9.5-9.11)

September 11, News

I. Price Trends

According to the commodity market analysis system, as of September 11, the reference average price for 85% industrial-grade thermal phosphoric acid in China was 6,710 CNY per ton, an increase of 0.15% from the reference average price of 6,700 CNY per ton on September 5.

2. Market Analysis

Market aspect

This week, the price of phosphoric acid in China has slightly increased. As of September 11, the ex-factory quotation for 85% thermal phosphoric acid in Hubei region is around 6,450-6,850 CNY/ton, in Yunnan region it is around 6,500 CNY/ton, and in Sichuan region it is around 6,400-6,800 CNY/ton.

Cost Aspect

In terms of raw material yellow phosphorus, the market price of yellow phosphorus in China was stable this week. Currently, the supply of yellow phosphorus in the Chinese market is sufficient, with limited new orders. Demand is relatively weak, with most holding a cautious and wait-and-see attitude. It is expected that the price of yellow phosphorus will remain in a stalemate and consolidation in the short term.

III. Market Forecast

Phosphate analysts believe: Recently, the phosphate market in China has been stabilizing. The raw material, yellow phosphorus, is mainly in a stalemate and consolidation phase, with no significant fluctuations in the cost end. The phosphate market transactions are stable, and downstream purchases are made according to demand. It is expected that in the short term, the phosphate market in China will mainly operate steadily.