Phosphate market prices slightly decline (12.17-12.24)

December 24th, news

I. Price Trends

According to the commodity market analysis system, as of December 24, the reference average price for 85% industrial-grade phosphoric acid in China was 6,830 CNY per ton, a decrease of 0.44% from the reference average price of 6,860 CNY per ton on December 17.

II. Market Analysis

Market aspect

This week, the market price of phosphoric acid in China slightly decreased. As of December 24, the ex-factory quotation for 85% industrial phosphoric acid in Hubei region was around 6,650-7,000 CNY per ton, in Yunnan region it was around 6,600-7,000 CNY per ton, and in Sichuan region it was around 6,700-7,000 CNY per ton.

Cost aspect

Regarding yellow phosphorus raw materials, the market price of yellow phosphorus has declined this week. Currently, demand in the yellow phosphorus market is insufficient, and trading activity is sluggish. Downstream buyers are aggressively pushing for lower prices, prompting suppliers to reduce their asking prices in order to offload inventory. It is expected that yellow phosphorus prices will remain weak in the short term.

III. Future Market Forecast

Phosphate analysts believe: Recently, the phosphate market trend has been stable with a downward trend. The price of raw material yellow phosphorus has decreased, and cost support has weakened. Currently, the supply and demand in the phosphate market are balanced, with downstream rigid demand procurement being the main focus. It is expected that in the short term, the phosphate market in China will mainly operate with a weak consolidation.