August 31 news
I. Price Trends
According to the commodity market analysis system, on August 31, the reference average price of 85% thermal process phosphoric acid in China was 8,562 CNY/ton, compared to the reference average price of 85% thermal process phosphoric acid in China on August 1, which was 8,725 CNY/ton. This month, the market price of thermal process phosphoric acid in China fell by 1.86%.
According to the commodity market analysis system, on August 31, the reference average price of 85% wet-process phosphoric acid in China was 8,416 CNY/ton, compared to the reference average price of 8,850 CNY/ton on August 1. The price of wet-process phosphoric acid in China fell by 4.90% this month.
2. Market Analysis
Market Conditions
This month, the Chinese phosphate market showed a weak downward trend. The cost side was polarized, with the price of raw material yellow phosphorus increasing and the price of raw material sulfur decreasing. The supply and demand in the phosphate market remained stable this month, with downstream purchases made as needed. The market was mainly characterized by a wait-and-see attitude, and new transactions were limited. As of August 31, the market quotation for 85% thermal process phosphate in China was around 8,100 to 9,000 CNY per ton, and the market quotation for 85% wet process phosphate in China was around 8,150 to 9,000 CNY per ton.
Cost aspect
Raw material yellow phosphorus market. This month, the market price of yellow phosphorus in China has increased, with a tight supply situation, and transaction volumes have risen, leading to a push for higher prices by manufacturers. Raw material sulfur market. This month, the sulfur market in China has weakened, with prices continuously declining. The enthusiasm for downstream procurement is average, and market transactions are sluggish.
3. Future Market Forecast
Phosphate analysts believe that the market price trend of phosphoric acid has been stable recently. Currently, the demand for phosphoric acid is weak, and the cost side shows a divergent trend, with increased cautious sentiment in the market. It is expected that in the short term, the phosphoric acid market in China will mainly experience narrow fluctuations.
