1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of May 25th, the reference average price of 85% thermal phosphoric acid in China was 5910 yuan/ton, which is 1.72% higher than the reference average price of 5810 yuan/ton on May 19th.

According to the Commodity Market Analysis System of the Business Society, as of May 25th, the reference average price of 85% wet process phosphoric acid in China was 6033 yuan/ton, which is stable compared to the reference average price of 6033 yuan/ton on May 19th.

2、 Market analysis

The hot process phosphoric acid market price stopped falling and rose slightly this week, while the wet process phosphoric acid market was stable. The price of raw material yellow phosphorus has rebounded and risen, strengthening cost support, and some enterprises have slightly raised prices. However, downstream demand remains sluggish and there is still no improvement. The market transaction atmosphere is weak, and the phosphoric acid industry is mainly wait-and-see. As of May 25th, the factory quotation for 85% thermal phosphoric acid in Yunnan region is around 5700 yuan/ton, while the factory quotation for 85% thermal phosphoric acid in Hubei region is around 5700-6200 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, the price of Yunnan Guizhou yellow phosphorus market stopped falling and picked up this week, with the market price focus rising. At present, the overall market trading situation of yellow phosphorus is still average, and the price of yellow phosphorus in the market is tentatively increasing. The cost pressure of yellow phosphorus manufacturers is relatively high, and the price is mainly high. We will not provide external quotations for the time being, and will discuss the actual order in detail. Downstream procurement is relatively cautious. As of now, the mainstream market quotation is around 20800-21000 yuan/ton, and the actual transaction is negotiable.

In terms of raw phosphorus ore, the price of domestic phosphorus ore market was weak and declined this week. At present, the demand for phosphate ore in the market is weak, and downstream procurement is under pressure, resulting in weak transactions. As of May 25th, the reference price of phosphate rock was 1030 yuan/ton, a decrease of 36 yuan/ton compared to last Friday (May 19th) at 1066 yuan/ton. The specific order needs to be negotiated.

3、 Future Market Forecast

According to phosphoric acid analysts from Business Society, the decline in the hot process phosphoric acid market has been temporarily postponed and prices have slightly increased due to cost support, as the price of raw material yellow phosphorus has stopped falling and rebounded recently. But market demand is weak, downstream procurement is cautious, and the phosphoric acid market is watching the trend of raw materials. It is expected that the price of phosphoric acid will fluctuate within a narrow range in the short term, and it will be sorted and operated.