1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of November 20th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6770 yuan/ton, which is 0.89% higher than the reference average price of 6710 yuan/ton on November 10th.
2、 Market analysis
Market aspect
The domestic phosphoric acid market prices rose in mid month. As of November 20th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6600-6900 yuan/ton, in Yunnan region it is around 6500-6900 yuan/ton, and in Sichuan region it is around 6500-6900 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. The market price of raw material yellow phosphorus remained stable and fell in the middle of this month. The demand for yellow phosphorus in the market is poor, with a decrease in downstream inquiries and a focus on price cutting procurement. The inventory pressure in the yellow phosphorus market has increased, and many manufacturers have lowered prices to ship.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has recently undergone a narrow adjustment. The market for raw material yellow phosphorus is weakening, and there is insufficient cost support. At present, the phosphoric acid market is mainly wait-and-see, with stable market trading. It is expected that the domestic phosphoric acid market will mainly consolidate in the short term.
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