According to the bulk data list of the business cooperative, the market price of thermal phosphoric acid fell continuously this week. As of November 11, the average market price of 85% industrial grade phosphoric acid in China was 8280 yuan/ton, down 8.61% from the average price of 9060 yuan/ton on November 7.

Mainstream market:

As of November 11, the ex factory quotation of 85% thermal phosphoric acid in Sichuan was about 8400 yuan/ton, that of 85% thermal phosphoric acid in Yunnan was about 8500 yuan/ton, and that of 85% thermal phosphoric acid in Hubei was about 8400 yuan/ton. The market quotation of 85% wet process phosphoric acid in Nanjing is about 9300 yuan/ton.

Cost side:

In terms of raw material yellow phosphorus, the yellow phosphorus market declined this week. As of November 11, the average factory price of yellow phosphorus and net phosphorus had dropped to 27500 yuan/ton. At present, the yellow phosphorus market trading is relatively light, the market demand is poor, the transaction is limited, and the yellow phosphorus manufacturers’ inventory has increased. Downstream enterprises purchase at lower prices, and yellow phosphorus enterprises basically stop making external quotations, but the products are sold normally. At present, in addition to the main supply of early orders, the yellow phosphorus is mainly shipped, and the downstream enterprises put forward the inquiry price. The yellow phosphorus enterprises negotiate according to the price situation, and single price negotiation.

In terms of raw phosphorous ore, the domestic phosphorous ore market was stable this week. At present, the supply side of domestic phosphate rock is still tight, some minerals are shut down for maintenance, and the spot stock of medium and high-end grade phosphate rock is low. As of November 11, the market price of 30% grade phosphorus ore in China is around 1030-1080 yuan/ton, and the details need to be negotiated.

Demand side:

The downstream demand of phosphoric acid was weak this week, the market continued to be sluggish, and the deal on the market was limited. As the price of phosphoric acid continues to decline in the near future, the sentiment of buying up rather than buying down in the downstream has increased. It is mainly just a need to purchase, and it is mainly wait-and-see.

Future market forecast

Phosphoric acid analysts from the business community believed that due to the continuous decline of the raw material yellow phosphorus market, the cost side was negative, and the phosphoric acid market fell sharply, the industry was more cautious. It is expected that the phosphoric acid market will operate weakly in the short term, and it is recommended to pay attention to the change of raw material market trend.