Phosphoric Acid Market Prices Slightly Up (2.1–2.6)

February 6th, News

I. Price Trends

According to the commodity market analysis system, the reference average price of phosphoric acid in China on February 6th was 6900 CNY/ton, and on February 1st, the reference average price of phosphoric acid in China was 6890 CNY/ton. This month, the price of phosphoric acid in China increased by 0.15%.

II. Market Analysis

Market Conditions

This month, the price of phosphoric acid in China has slightly increased. The price of raw material yellow phosphorus has risen, increasing cost support. The supply and demand for phosphoric acid are balanced, with stable market transactions. As of February 6th, the ex-factory quotation for 85% industrial phosphoric acid in Hubei is around 6,800-7,000 CNY per ton, in Sichuan it is around 6,750-7,000 CNY per ton, and in Yunnan it is around 6,700-7,000 CNY per ton.

Raw Material Market Trends

Raw material yellow phosphorus market trend. This month, the yellow phosphorus market in China has seen a slight increase. The current yellow phosphorus market in China is experiencing a supply and demand contest. Manufacturers are holding firm on their quotes, with no pressure on shipments. Downstream buyers are replenishing stocks as needed before the holiday, mostly seeking to purchase at the bottom, leading to an increase in new orders in the yellow phosphorus market.

III. Future Market Forecast

Phosphate analysts believe that the phosphate market trend has been steadily rising recently. The price of raw material yellow phosphorus is firm, providing support to the cost end. Pre-holiday stocking demand for phosphate remains. It is expected that the short-term phosphate market in China will mainly show a strong and stable trend.