1、 Price trend

According to the Commodity Market Analysis System of the Business Society, as of May 19, the reference average price of 85% thermal phosphoric acid in China was 5810 yuan/ton, which is a decrease of 10.48% compared to the reference average price of 6490 yuan/ton on May 15.

According to the Commodity Market Analysis System of the Business Society, as of May 19th, the reference average price of 85% wet process phosphoric acid in China was 6033 yuan/ton, which is 6566 yuan/ton compared to the reference average price on May 15th. This week, the domestic wet process phosphoric acid price decreased by 8.12%.

2、 Market analysis

The price of phosphoric acid market fell continuously this week. The prices of raw phosphorus ore and yellow phosphorus are weak and the cost side support is insufficient. Downstream demand is poor, the market transaction atmosphere is weak, and the bearish sentiment in the phosphoric acid market is strong. As of May 19th, the factory quotation for 85% thermal phosphoric acid in Yunnan region is around 5600 yuan/ton, while the factory quotation for 85% thermal phosphoric acid in Hubei region is around 5650-5850 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 5500-6500 yuan/ton.

In terms of raw material yellow phosphorus, this week’s domestic yellow phosphorus market situation was weak, and it was sorted and operated. The overall market trading situation is average, with light demand on the market. The inventory on site is under pressure, and some enterprises are stopping for maintenance to alleviate the pressure. The manufacturer will not provide a quotation to the public for the time being, and will discuss the actual order in detail. Downstream procurement is relatively cautious. As of now, the mainstream quotation is around 20000 yuan/ton, and the actual transaction is negotiable.

In terms of raw phosphorus ore, the domestic phosphorus ore market remained stable and organized this week. At present, the overall operation of the downstream industry chain of phosphate rock is relatively weak, and the demand support provided by the downstream is limited. However, due to the continuous tight operation of the supply side in the phosphate rock field, and the low pressure on the supply side, the overall market can still operate stably.

3、 Future Market Forecast

According to phosphoric acid analysts from Business Society, the phosphoric acid market has been continuously sluggish in recent days. Poor raw material prices have weakened cost support. Downstream demand is weak, procurement is cautious. The raw material yellow phosphorus market is unstable, and the phosphoric acid market price is expected to continue to be weak in the short term.