1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of April 15th, the reference average price of 85% industrial thermal phosphoric acid market in China was 8640 yuan/ton, which is 4.25% higher than the reference average price of 8287 yuan/ton on April 1st.
2、 Market analysis
In the first half of April, the market price of phosphoric acid showed a strong upward trend. The price of raw material yellow phosphorus has increased, leading to an increase in cost support. Phosphoric acid companies have followed suit with the price increase of raw materials. The operating rate of the enterprise is stable, and downstream purchases are made according to demand, with each transaction being subject to negotiation.
market conditions
As of April 15th, the factory price of 85% industrial thermal phosphoric acid in Hubei region is around 8600 yuan/ton, and the factory price of 85% industrial thermal phosphoric acid in Sichuan region is around 8600 yuan/ton.
cost aspect
In the first half of April, the market price of yellow phosphorus showed a strong upward trend. At present, the market supply is tight and low prices are difficult to find. Manufacturers are mainly pushing prices. With the high price of yellow phosphorus rising, downstream consumers are starting to purchase cautiously. On April 15th, the Yunnan Rehmannia phosphate market was consolidating at a high level, with the latest price around 30300 yuan/ton, and actual transactions were subject to negotiation.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has continued to strengthen in recent days. The trend of raw material yellow phosphorus market is upward, with strong support from the cost side, and the market is mainly focused on replenishment of essential needs. It is expected that the short-term market price of phosphoric acid will continue to rise strongly.