1、 Price trend

According to data from Business Society, the average reference price of 85% hot process phosphoric acid in China on March 1st was 8400 yuan/ton. On March 31st, the average reference price of 85% hot process phosphoric acid in China was 7991 yuan/ton. This month, the domestic price of hot process phosphoric acid decreased by 4.86%.

2、 Market analysis

The price of phosphoric acid market continued to fall in March. The trend of raw material yellow phosphorus market this month is not good, and the phosphoric acid market is mainly wait-and-see. Market trading is light, with relatively few transactions. Under the dual weakness of cost and demand, the price of thermal phosphoric acid continues to decline. As of March 31st, the factory quotation for 85% thermal phosphoric acid in Sichuan region is around 7750-8100 yuan/ton, the factory quotation for 85% thermal phosphoric acid in Yunnan region is around 8000 yuan/ton, and the factory quotation for 85% thermal phosphoric acid in Hubei region is around 7600-8100 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 7250-8500 yuan/ton.

Market situation of raw material yellow phosphorus. The price of yellow phosphorus market fell in March. Manufacturers send more preliminary orders and often do not provide external quotations. In the first half of the month, the market trading was light, the wait-and-see atmosphere was strong, the enthusiasm for buying was not high, the high-end price was difficult to clinch a deal, and the market price was reduced. In the second half of the month, the supply and demand of yellow phosphorus market remained relatively stagnant, with prices temporarily stabilizing and consolidating. Some manufacturers in Yunnan have completed maintenance and significantly increased their supply, but the price of raw material phosphate rock has increased. The manufacturers are more resistant to low-end prices, and most enterprises are temporarily not offering prices to the outside world, maintaining real order negotiations. As of now, the mainstream quotation is around 28200-32000 yuan/ton, and the actual transaction is subject to negotiation.

3、 Future Market Forecast

According to phosphoric acid analysts from Business Society, the current market trend of raw material yellow phosphorus is not good, and the demand for phosphoric acid in the market is low. Manufacturers and distributors are still mainly on the sidelines. It is expected that the price of phosphoric acid will continue to be weak in the short term.