1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of July 21st, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6720 yuan/ton, which is 0.15% lower than the reference average price of 6730 yuan/ton on July 16th.
2、 Market analysis
Market Aspects
Recently, the price of phosphoric acid in the domestic market has been stable but declining. As of July 21st, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6450-6850 yuan/ton, in Yunnan region it is around 6600 yuan/ton, and in Sichuan region it is around 6350-6750 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. Recently, the market price of raw material yellow phosphorus has been weak and declining. At present, the trading atmosphere in the market has weakened, and downstream purchases are cautious, with bearish sentiment prevailing. Short term yellow phosphorus prices are expected to weaken and consolidate.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been weak and declining recently. The market for raw material yellow phosphorus is weakening, and there is insufficient cost support. The trading volume in the phosphoric acid market is light, and downstream demand for replenishment is urgent. It is expected that the domestic phosphoric acid market will mainly follow the weak consolidation and operation of raw materials in the short term.