1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% industrial grade phosphoric acid in China was 6480 yuan/ton on August 1st, and 6640 yuan/ton on August 30th. The price of industrial grade phosphoric acid in China has increased by 2.47% this month.

According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% wet process phosphoric acid in China was 6716 yuan/ton on August 1st, and 6850 yuan/ton on August 30th. The price of wet process phosphoric acid in China has increased by 1.99% this month.

2、 Market analysis

The market price of phosphoric acid fluctuated and rose in August. In the first half of August, the price of phosphoric acid slightly increased. The raw material yellow phosphorus market first rose and then fell, and the cost support is still acceptable. The supply of phosphoric acid in the market is tight, and there is some support on the supply side. In the second half of August, the price of phosphoric acid rose rapidly. The price of raw material yellow phosphorus continues to rise, increasing cost support. The market supply and demand situation is good, and the market transaction atmosphere has improved. As of August 30th, the ex factory price of 85 industrial grade phosphoric acid in Hubei region is around 6750-6900 yuan/ton, and in Sichuan region it is around 6650 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6700-6900 yuan/ton.

The market price of raw material yellow phosphorus has fluctuated and risen this month. The supply in the spot market is tight, and manufacturers are reluctant to sell, resulting in a shift in the focus of market transactions. Downstream procurement on demand, adopting a wait-and-see attitude towards high prices. It is expected that the domestic yellow phosphorus market will consolidate and operate at a high level in the short term.

3、 Future forecast

Business Society’s phosphate analyst believes that the phosphate market has been rising recently. At present, the high level of raw material yellow phosphorus is being consolidated, and the supply of phosphoric acid in the market remains tight. It is expected that the short-term phosphoric acid market will continue to operate strongly.