Phosphoric Acid Market Prices Rise Strongly (Nov. 21–Nov. 27)

November 27th, According to reports

I. Price Trends

According to the commodity market analysis system, as of November 27, the reference average price for 85% industrial-grade thermal phosphoric acid in China was 6,880 CNY per ton, an increase of 1.62% from the reference average price of 6,770 CNY per ton on November 21.

II. Market Analysis

Market aspects

This week, the market price of phosphoric acid in China showed a strong upward trend. As of November 27, the ex-factory quotation for 85% industrial phosphoric acid in Hubei region was around 6,700-7,000 CNY per ton, in Yunnan region it was around 6,700-6,900 CNY per ton, and in Sichuan region it was around 6,700-7,000 CNY per ton.

Cost aspect

In terms of raw material yellow phosphorus, the market price of yellow phosphorus in China has been stable with an upward trend this week. It is difficult to find low-priced sources of yellow phosphorus in the Chinese market, and manufacturers are mainly holding back from selling, with firm quotations, leading to an increase in the transaction prices of yellow phosphorus.

III. Future Market Forecast

Phosphate analysts believe: Recently, the phosphate market in China has been performing well. The price of raw material yellow phosphorus is firm, providing support on the cost side. Currently, the supply and demand in the phosphate market in China is stable, with increased inquiries from downstream buyers and improved market transactions. It is expected that the phosphate market in China will mainly show a strong trend in the short term.