1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of August 18th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6700 yuan/ton, which is 0.15% lower than the reference average price of 6710 yuan/ton on August 11th.

2、 Market analysis
Market Aspects
This week, the domestic phosphoric acid market prices have slightly declined. As of August 18th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6400-6850 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 6500-7450 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the market price of raw material yellow phosphorus first fell and then rose, with an overall price reduction. At present, there is no pressure on inventory in the yellow phosphorus market, and manufacturers are mainly pushing prices. Downstream urgent need for replenishment, purchase at lower prices. Expected short-term yellow phosphorus market price consolidation and operation.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been stabilizing recently. After the rise in the price of raw material yellow phosphorus, it has been consolidated and operated, but cost support still exists. The trading atmosphere in the phosphoric acid market is light, and downstream demand replenishment is needed. It is expected that the short-term domestic phosphoric acid market will mainly experience consolidation and operation.