Costs Rise, Phosphate Market Shows Strong Performance (3.1-3.9)

March 9th, News

I. Price Trends

According to the commodity market analysis system, on March 9th, the reference average price of 85 industrial thermal phosphoric acid in China was 7,433 CNY/ton, and on March 1st, the reference average price of 85 industrial thermal phosphoric acid in China was 6,940 CNY/ton. In the first ten days of this month, the price of phosphoric acid in China increased by 7.11%.

II. Market Analysis

Market Conditions

In early March, the Chinese phosphoric acid market prices showed a strong increase. The price of raw material yellow phosphorus strengthened, increasing cost support. Under cost pressure, most phosphoric acid manufacturers and dealers suspended their quotations, observing the trend of raw materials, with negotiations on a case-by-case basis. As of March 9, the ex-factory quotation for 85% industrial thermal phosphoric acid in the Sichuan region was around 7,400-7,700 CNY per ton.

Raw Material Market Conditions

Raw material yellow phosphorus market trend. This month, the yellow phosphorus market trend has risen and then stabilized. Currently, the supply of yellow phosphorus in the Chinese market is tight, with manufacturers mainly holding firm on prices, making it difficult to find low prices in the market. Downstream buyers are purchasing according to their needs, facing significant cost pressure, and remain cautious.

III. Future Market Forecast

Phosphate analysts believe that the phosphate market trend has been on the rise recently. The high price of raw material yellow phosphorus provides cost support, and the current phosphate market is mainly characterized by a cautious attitude. It is expected that in the short term, the phosphate market in China will mainly show a strong and orderly operation.