I. Price Trend
According to the commodity market analysis system of Business Society, the domestic reference average price of phosphoric acid on February 6 was 6,900 yuan/ton, while on February 1, it was 6,890 yuan/ton. This month, the domestic price of phosphoric acid increased by 0.15%.
II. Market Analysis
Market Conditions
This month, the domestic market price of phosphoric acid experienced a slight increase. The rise in the price of raw material yellow phosphorus has strengthened cost support. The supply and demand in the phosphoric acid market remain balanced, with stable market trading. As of February 6, the ex-factory quotations for 85% industrial phosphoric acid in Hubei region ranged from 6,800 to 7,000 yuan/ton, in Sichuan region from 6,750 to 7,000 yuan/ton, and in Yunnan region from 6,700 to 7,000 yuan/ton.
Raw Material Market
Yellow Phosphorus Market
This month, the yellow phosphorus market saw a slight price increase. The market is currently experiencing a tug-of-war between supply and demand. Manufacturers maintain firm quotations with no pressure on shipments. Downstream industries are replenishing stocks as needed before the holiday, with many seeking bottom prices for procurement, leading to an increase in new orders in the yellow phosphorus market.
III. Future Outlook
Phosphoric acid analysts at Business Society believe that the market trend for phosphoric acid has been stable with an upward bias recently. The price of raw material yellow phosphorus remains firm, providing support from the cost side. Pre-holiday stocking demand for phosphoric acid persists. It is expected that the domestic phosphoric acid market will continue to operate with a strong and consolidating trend in the short term.
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