September 22nd, news:
Key Takeaways
This daily report is compiled based on publicly available spot data. As of September 21, 2026, the price of wet-process phosphoric acid shows no clear short-term trend and is operating within a fluctuating range. The current price is at a low level over the past three months, with limited room for further decline. Close attention should be paid to the price changes of upstream phosphate rock and sulfuric acid, as well as the recovery of downstream demand in China.
I. Data Description
The latest available data is up to September 21, 2026, and it is recommended to refer to real-time data.
II. Data on Changes in Finite Differences
| Average Difference Indicator | (2026.09.20) | (2026.09.19) | Direction of Change |
|---|---|---|---|
| 5-Day Average Difference (D5) | 0 | 0 | Flat |
| 10-Day Average Difference (D10) | 0 | 0 | Flat |
| 20-Day Average Difference (D20) | -62.5 | -80 | Positive change (+) |
III. Market Signals and Trend Analysis
Signal status judgment: Currently, the directions of the three differences are not entirely consistent, which falls into the category of bullish oscillation within oscillation signals.
Trend Direction Conclusion: The current price trend is oscillating. Reason: The 5-day and 10-day moving average differences have not changed compared to the previous day, while the 20-day moving average difference has rebounded compared to the previous day. The changes in these three indicators are not completely consistent, and do not meet the criteria for a clear upward or downward trend. Therefore, it is determined to be an oscillating trend.
IV. Price Position and Reference for Upside and Downside Potential
Phosphate prices are divided into the following periodic tiers in China:
60-day cycle: Level 1 (low), with limited downside potential.
3-month cycle: Tier 1 (low level), with limited downside potential.
1 year cycle: Tier 2 (lower-middle)
Overall, the current price of phosphoric acid in China is at a relatively low position in the cycle, with limited room for further decline, and there is a basis for a price recovery.
Five, 1-year price trend chart
Six, Reference of the Industrial Chain in China
Phosphoric acid's core upstream commodities in China: yellow phosphorus, phosphate rock, sulfuric acid, and sulfur. Changes in the prices of these upstream raw materials directly affect the production cost of phosphoric acid.
Phosphoric acid downstream core products: polyferric sulfate, dipotassium hydrogen phosphate, sodium pyrophosphate, sodium dihydrogen phosphate, ferrous phosphate, sodium tripolyphosphate, compound fertilizers, etc. The prosperity of downstream demand will directly affect the price trend of phosphoric acid in China.
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
