1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of May 21st, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6740 yuan/ton, which is 1.61% lower than the reference average price of 6850 yuan/ton on May 14th.
2、 Market analysis
Market Aspects
This week, the domestic phosphoric acid market prices have weakened and fallen. The reduction in raw material prices has weakened cost support. As of May 21st, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6400-6700 yuan/ton, and in Sichuan region it is around 6500-6700 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6600-7300 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the market price of yellow phosphorus continued to decline. At present, the yellow phosphorus market has sufficient supply, but the terminal demand is poor, and downstream purchasing intentions have weakened. At present, the market is mainly bearish, and it is expected that the domestic yellow phosphorus market price will continue to be weak in the short term.
3、 Future forecast
The phosphoric acid analyst from Shengyi Society believes that the recent trend of the phosphoric acid market is mainly downward. The price of raw material yellow phosphorus continues to weaken, with insufficient cost support and a decrease in the transaction price of phosphoric acid. At present, the phosphoric acid market is mainly wait-and-see, with limited new transactions. It is expected that the domestic phosphoric acid market will operate weakly in the short term.