Weakening costs lead to a decrease in the market price of phosphoric acid (6.16-6.23)

1、 Price trend

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According to the Commodity Market Analysis System of Shengyi Society, as of June 23, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6710 yuan/ton, which is 0.74% lower than the reference average price of 6760 yuan/ton on June 16.
2、 Market analysis
Market Aspects
The domestic phosphoric acid market prices have fallen this week. As of June 23rd, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6450-6900 yuan/ton, in Yunnan region it is around 6500 yuan/ton, and in Sichuan region it is around 6400-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6500-7300 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. The market price of raw material yellow phosphorus has fallen this week. Downstream price cutting procurement has a resistance to high prices. It is expected that the short-term yellow phosphorus market transaction price will weaken and decline.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been weak and declining recently. The price of raw material yellow phosphorus has weakened, and there is insufficient cost support. The trading volume in the phosphoric acid market is light, with limited new orders in the market. It is expected that in the short term, the domestic phosphoric acid market prices will mainly weaken and decline.

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