Phosphoric Acid Market Prices Slightly Down (9.12–9.18)

September 18, News

I. Price Trends

According to the commodity market analysis system, as of September 18th, the reference average price for 85% industrial-grade thermal phosphoric acid in China was 6,700 CNY/ton, a decrease of 0.15% from the reference average price of 6,710 CNY/ton on September 12th.

II. Market Analysis

Market Perspective

This week, the market price of phosphoric acid in China has seen minor adjustments, with a slight overall decline. As of September 18, the ex-factory quotation for 85% thermal phosphoric acid in Hubei region is around 6,450-6,800 CNY/ton, in Yunnan region it is around 6,450 CNY/ton, and in Sichuan region it is around 6,400-6,700 CNY/ton.

Cost Aspect

Regarding yellow phosphorus raw materials, the market price of yellow phosphorus has declined this week. Currently, the supply in the yellow phosphorus market is ample, while demand from buyers has weakened, prompting downstream companies to push for lower purchase prices. To ease inventory pressure, yellow phosphorus prices are expected to remain weak and consolidate in the short term.

III. Market Forecast

Phosphate analyst believes: Recently, the phosphate market has been operating weakly. The price of raw material yellow phosphorus has decreased, and cost support has weakened. The phosphate market trend is following the downward trend of raw materials, and currently, the market supply and demand are stable. It is expected that in the short term, the Chinese phosphate market will mainly consolidate.