1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% industrial grade phosphoric acid in China was 6690 yuan/ton on July 30th, and 6690 yuan/ton on July 1st. The price of 85% industrial grade phosphoric acid in China has remained stable this month.
2、 Market analysis
This month, the domestic phosphoric acid market first rose and then fell. In the first half of this month, the market price of phosphoric acid rose. The price of raw material yellow phosphorus has increased, leading to an increase in cost support. The phosphoric acid market has stable trading and downstream inquiries have increased. At the end of this month, the market price of phosphoric acid fell. The price of raw material yellow phosphorus has weakened, and cost support has weakened. The trading volume in the phosphoric acid market is light, and downstream demand for replenishment is urgent.
Market situation
As of July 30th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6300-6750 yuan/ton, in Sichuan region it is around 6350-6800 yuan/ton, and in Yunnan region it is around 6600 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6350-7450 yuan/ton.
In terms of cost
Raw material yellow phosphorus market. This month, the yellow phosphorus market first rose and then fell. In the first half of this month, the supply of yellow phosphorus in the market was tight, and manufacturers were reluctant to sell, resulting in an increase in the transaction price of yellow phosphorus in the market. In the second half of this month, the trading atmosphere in the market has weakened, and downstream purchases are cautious, with bearish sentiment prevailing. The transaction price of yellow phosphorus in the market is weak and declining.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the phosphate market has been stable with a weak trend in recent days. The raw material market is not good, the cost support is insufficient, and the wait-and-see attitude in the phosphoric acid market is increasing. It is expected that the domestic phosphoric acid market will be weak in the short term, mainly due to consolidation and operation.