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 6940 yuan/ton on February 28th, and 6890 yuan/ton on February 1st. The domestic phosphoric acid market price has increased by 0.73% this month.
2、 Market analysis
This month, the domestic phosphoric acid market has shown a strong upward trend. In the first half of this month, the price of phosphoric acid in the market fluctuated narrowly. The price fluctuation of raw material yellow phosphorus is not significant, and there is no significant change in the cost side. The phosphoric acid market has stable trading and downstream urgent procurement needs. At the end of this month, the market price of phosphoric acid began to rise. The price of raw material yellow phosphorus has strengthened, and cost support has increased. The phosphoric acid market has followed the rise of the raw material market.
market conditions
As of February 28th, the factory price of 85% industrial phosphoric acid in Hubei region is around 6900-7250 yuan/ton, and in Sichuan region it is around 6900-7200 yuan/ton. The domestic market price for 85 wet process phosphoric acid is around 6950-7500 yuan/ton.
In terms of cost
Raw material yellow phosphorus market. This month, the yellow phosphorus market is mainly experiencing an upward trend. In the first half of this year, the yellow phosphorus market experienced narrow fluctuations and the trading atmosphere was average. At the end of this month, the supply of yellow phosphorus in the market is tight, and market trading is heating up. The transaction price of yellow phosphorus in the market is starting to strengthen, and manufacturers are mainly reluctant to sell.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the price trend of the phosphate market has been on the rise recently. The raw material market is strengthening, the cost side support is increasing, and the optimistic attitude of the phosphoric acid market is increasing. It is expected that the short-term domestic phosphoric acid market will mainly operate with a strong trend.