According to the bulk data list of the business cooperative, the market price of thermal phosphoric acid fell continuously this week. As of November 3, the average market price of 85% industrial grade phosphoric acid in China was 9240 yuan/ton, which was 6.10% lower than the average price of 9840 yuan/ton on October 28.

According to the bulk data list of business cooperatives, the market price of wet process phosphoric acid decreased slightly this week. As of November 3, the average market price of 85% wet process phosphoric acid in China was 9316 yuan/ton, which was 0.36% lower than the average price of 9350 yuan/ton on October 28.

Mainstream market:

As of November 3, the ex factory quotation of 85% thermal phosphoric acid in Sichuan was about 9100 yuan/ton, that of 85% thermal phosphoric acid in Yunnan was about 9500 yuan/ton, and that of 85% thermal phosphoric acid in Hubei was about 9000 yuan/ton. The market quotation of 85 content WPA in Hubei is 8850-9600 yuan/ton, and that in Nanjing is 9700 yuan/ton.

Cost side:

In terms of raw material yellow phosphorus, the yellow phosphorus market continued to weaken this week, mainly due to the downward trend. Downstream delivery slowed down, inquiries increased, and the actual transaction was cautious. The quotation of most manufacturers has been suspended, and the actual transaction price in the market has declined. The actual transaction is mainly discussed on a single basis, mainly for old customers. In terms of raw phosphorous ore, the phosphorous ore market was stable and slightly dynamic this week, and the supply and demand of the site was relatively calm, with consolidation as the main operation.

Demand side:

The downstream demand of phosphoric acid is weak this week, the market trading atmosphere is general, the wait-and-see mentality in the phosphoric acid plant is increasing, and the downstream just needs to purchase mainly. The price of phosphoric acid market continued to fall when the downstream market bought up but not down.

Future market forecast

The phosphoric acid analysts of the business association believed that the market of thermal phosphoric acid fell sharply due to the decline of the raw material yellow phosphorus market and insufficient cost support. Downstream procurement is cautious and terminal demand is weak. It is expected that the phosphoric acid market will continue to decline in the short term. It is suggested to pay attention to the changes in the raw material market and demand side.