August 19th, news:
I. Price Trends
According to the commodity market analysis system, as of August 19, the reference average price for 85% industrial thermal process phosphoric acid in China was 8,625 CNY/ton, a decrease of 0.58% from the reference average price of 8,675 CNY/ton on August 11.
2. Market Analysis
Market Conditions
In mid-August, the phosphate market prices slightly declined. The raw materials, yellow phosphorus and sulfur, saw a weakening trend, leading to a decrease in cost support, and phosphate prices followed the downward trend of the raw materials. The production rates of enterprises remained stable, and currently, the supply and demand in the phosphate market are balanced. Downstream buyers are purchasing according to their needs, but the market trading atmosphere is lackluster, and demand needs to improve. As of August 19th, the market price for 85% industrial thermal-process phosphate in China was around 8,200-9,500 CNY per ton, and the market price for 85% wet-process phosphate in China was around 8,100-9,000 CNY per ton.
Cost aspect
In mid-August, the market prices of raw materials such as yellow phosphorus and sulfur showed a downward trend. Currently, the trading of yellow phosphorus in the Chinese market is weak, with the transaction focus shifting downward, and it is expected to fluctuate narrowly in the short term. The sulfur market in China is also performing poorly, with most market participants adopting a wait-and-see attitude, and downstream players mainly maintaining a cautious stance.
3. Future Market Prediction
Phosphate analysts believe that the recent trend in the phosphate market in China has been mainly downward. Insufficient cost support and limited market demand have led to average trading volumes in the phosphate market. It is expected that phosphate prices in China will remain weak and fluctuate in the short term.
