Business News Agency, May 17
1、 Price trend
According to the commodity market analysis system of the business community, as of May 17, the reference average price of 85% thermal phosphoric acid in China was 6570 yuan/ton, which was 1.20% lower than the reference average price of 6650 yuan/ton on May 13.
2、 Market analysis
The price of domestic phosphoric acid market fell this week. Downstream purchase on demand, with stable demand. The price of raw material yellow phosphorus decreased slightly, and the cost support was insufficient. The price of thermal phosphoric acid was running weakly with the trend of raw material. The wet process phosphoric acid market was steadily lowered and slightly consolidated. As of May 17, 85% thermal phosphoric acid market quotation in Hubei was about 6350-6900 yuan/ton. The domestic 85% wet process phosphoric acid market quotation is about 6300-7000 yuan/ton.
Yellow phosphorus as raw material. The price of yellow phosphorus market was slightly lowered this week. At present, the delivery and investment of yellow phosphorus in the market is fairly good. The manufacturer mainly issues early orders, the inventory is controllable, and the yellow phosphorus enterprises mainly pay high prices. The downstream inquiry is more active, the procurement is more cautious, and the demand is rigid. On the whole, the upstream and downstream are deadlocked. Up to now, the quotation of yellow phosphorus market is about 22500-23000 yuan/ton, and the actual transaction is a single discussion.
Market of raw phosphate rock. This week, the domestic phosphorus ore market was consolidated and operated steadily. At present, the inquiry atmosphere in the phosphate rock yard is mild, the rhythm of phosphate rock shipment in some areas is clear, and the operators are in good mood. As of May 17, the domestic market price of 30 grade phosphorus ore is about 1030-1100 yuan/ton.
3、 Future market forecast
Phosphoric acid analysts from the business community believe that the market trend of phosphoric acid has declined recently. The raw material yellow phosphorus is weak in finishing operation, and the phosphoric acid market is in a buying up attitude rather than buying down attitude, and the market is cautious in operation. At present, there is no good support in the market, and it is expected that the short-term phosphoric acid market will wait and see the consolidation and operation.
(Source: Business Association)
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