August 24 news
On August 23, 2026, the spot market for wet-process phosphoric acid in China fluctuated, with divergence indicators showing a difference in strength between bullish and bearish forces. The price is in the lower range of the 1-year cycle, with limited downward space. Subsequent attention should be paid to the guidance of supply and demand changes in the upstream and downstream sectors on the market trend.
I. Table of Mean Difference Changes
| Average Difference Indicator | (2026.08.23) | (2026.08.22) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 0 | 0 | Flat |
| 10-day Average Difference (D10) | -80 | -100 | + |
| 20-day Average Difference (D20) | -89.17 | -88.33 | - |
II. Signal State Determination
The current market is experiencing a volatile trend, with inconsistent directions of average differences, and there is a clear divergence between the forces of bulls and bears.
III. Conclusion on Trend Direction
The price trend is volatile. The reason: The directions of change in the three moving averages are not entirely consistent with the previous day. The 5-day moving average showed no change, the 10-day moving average narrowed slightly in the negative direction (change: +), and the 20-day moving average widened slightly in the negative direction (change: -). The tug-of-war between bullish and bearish forces has left the market without a clear directional bias.
IV. Positional Spatial Reference
Phosphoric acid (wet process) 1-year cycle price is in the low to mid-range, with limited room for decline and some potential for rebound. If demand improves subsequently, the market is expected to recover towards the mid to high range.
5. Trend Chart Display
VI. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
