Phosphoric Acid Market Trends in November Show a Strong Uptrend

November 26 news

I. Price Trends

According to the commodity market analysis system, on November 26, the reference average price of 85% industrial-grade phosphoric acid in China was 6,880 CNY/ton, while on November 1, the reference average price of 85% industrial-grade phosphoric acid in China was 6,640 CNY/ton. This month, the price of 85% industrial-grade phosphoric acid in China increased by 3.61%.

II. Market Analysis

Market Conditions

This month, the phosphoric acid market prices in China showed a strong upward trend. The price of raw material yellow phosphorus increased this month, providing favorable cost support, and the phosphoric acid market followed the upward trend of the raw materials. The market sentiment for phosphoric acid has become more optimistic, with stable trading activities. As of November 26, the ex-factory quotation for 85% industrial phosphoric acid in Hubei region is around 6,700-7,000 CNY per ton, in Sichuan region it is around 6,700-7,000 CNY per ton, and in Yunnan region, it is around 6,700-6,900 CNY per ton.

Raw Material Market Trends

Raw material yellow phosphorus market trend. This month, the yellow phosphorus market in China showed a strong performance, with a slight decline mid-month followed by another increase. It is difficult to find low-priced yellow phosphorus in the Chinese market, and manufacturers have firmly raised their quotations, mainly holding back from selling, leading to an increase in transaction prices. In the short term, the outlook for the yellow phosphorus market in China is optimistic.

III. Future Market Forecast

Phosphate analysts believe that the phosphate market trend has been on the rise recently. The price of raw material, phosphorus, has increased, adding more support to the cost end. Currently, the trading atmosphere in the phosphate market has improved, with an increase in inquiries from downstream buyers. It is expected that in the short term, the phosphate market in China will mainly operate with a steady and upward trend.