Price trend
According to SunSirs’bulk data list, the average domestic phosphoric acid price on August 10 was 6,816.67 RMB/ton, compared with last Tuesday's price of 6,816.67 RMB/ton, the price was the same, up 16.86% from the previous month, and 41.52% higher than the same period last year.
Analysis review
In the first week of August, the phosphoric acid market was generally stable, and some companies had slightly lowered their operations. As of the 10th, the price of raw materials fell by more than 10%, and the price was as low as 24,000 RMB/ton, cost support declined. However, the quotations of mainstream manufacturers in the phosphoric acid market were still operating steadily. Most quotations were around 7,000 yuan, and there were also higher quotations and lower quotations. The companies that stopped reporting in the early stage had also resumed their quotations. The upsurge of the market gradually faded, coupled with the lack of downstream buying of high-priced phosphoric acid, market transactions were relatively thin, and the industry's mentality was negative. According to the monitoring of SunSirs, as of August 10, the quotation of phosphoric acid in Sichuan was 6,650-7,300 RMB/ton, the quotation of phosphoric acid in Hebei was about 7,700-8,200 RMB/ton, the quotation of phosphoric acid in Hubei was about 6,800-8,000 RMB/ton, the regional phosphoric acid price in Jiangsu was around 5,700-7,000 RMB/ton, and the price of phosphoric acid in Yunnan province was around 7,300 RMB/ton. Phosphoric acid prices in various regions remained stable, and individual prices were lowered.
Phosphate rock, on August 10, the reference price of phosphate rock was 550.00 RMB/ton, which was the same as the price on August 1. As of the 10th, the domestic market for phosphate rock continued to be tight, and some mining companies in Guizhou suspended their quotations. The phosphate ore analyst of SunSirs believes that in the short term, the phosphate ore market in China will mostly consolidate at a high level.
Phosphorus yellow, on August 10, the reference price of phosphorus yellow was 24,666.67 RMB/ton, which was a decrease of 10.84% compared with August 1 (27,666.67 RMB/ton). As of 10th, the supply of phosphorus yellow in various places was tight, the inquiries on the market were increasing, and there were basically no new orders. Manufacturers mainly fulfilled pre-orders, and most of them did not quote externally, and the market was mainly wait and see.
Market outlook
The phosphoric acid analyst of SunSirs believes that the current price of raw materials has fallen, cost support has fallen, the phosphoric acid market has stabilized with small fluctuations, but the wait-and-see sentiment is not diminished. It is expected that in the short term, the phosphoric acid market may decline with the decline of raw materials, and the market will be stable and weak.
