1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of July 4th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6640 yuan/ton, which is 0.75% lower than the reference average price of 6690 yuan/ton on June 30th.
2、 Market analysis
Market Aspects
The domestic phosphoric acid market prices have fluctuated slightly this week. As of July 4th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6250-6800 yuan/ton, in Yunnan region it is around 6450 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 6300-6800 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. The market price of raw material yellow phosphorus has risen this week. Manufacturers mainly push prices, downstream low prices are difficult to find, and the transaction price of yellow phosphorus in the market has risen. After the rise of yellow phosphorus, the market trading atmosphere weakened, and it is expected that the short-term price of yellow phosphorus will mainly be weak and stable.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been stabilizing recently. The price increase of raw material yellow phosphorus has been temporarily delayed, and the market is not optimistic. 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 stabilize and operate.