I. price trend

According to the large data list of business association, the average price of phosphoric acid on October 14 was 5433.33 yuan / ton, and on October 18 it was 5366.67 yuan / ton, down 1.23%, up 24.32% compared with the same period last year.

II. Market analysis

Product: the market price of phosphoric acid is mainly consolidated this week. Due to the insufficient support of raw material cost, yellow phosphorus enterprises have limited driving, and the price decline tends to be stable, resulting in the temporary stabilization and consolidation of phosphoric acid price. At present, the phosphoric acid market is not volatile, stable as a whole, and the on-site trading is light. The enterprises mainly supply orders to old customers, and some manufacturers slightly reduce their quotations, and partial supply is tight. As of October 18, the average market price of 85% industrial purified water phosphoric acid was about 5433.33 yuan / ton, Hubei Xingfa group quoted 5200 yuan / ton, Wengfu Dazhou quoted 5200 yuan / ton, Beijing Hangxing Hongda quoted 5200 yuan / ton, Guangxi Mingli group quoted 5800 yuan / ton, qianrui chemical quoted 4700 yuan / ton, Sichuan KANGLONG chemical quoted 5100 yuan / ton, Kunming South Yunnan industry and trade quoted 5900 yuan / ton, Sichuan Yida quoted 5200 yuan / ton, Guangxi Mingli group quoted 5800 yuan / ton, qianrui chemical quoted 4700 yuan / ton, Sichuan KANGLONG chemical quoted 5900 yuan / ton, Kunming South Yunnan industry and trade quoted 4700 yuan / ton. Prices in all regions are stable temporarily, mainly on a wait-and-see basis, and the market is weak as a whole.

Industry chain: this week, the phosphorus ore market as a whole maintained a stable situation. Large mining enterprises continued to digest inventory, kept more orders from old customers in the field, and kept a small number of purchases in the downstream. Yellow phosphorus market prices fell this week. At present, although the price of yellow phosphorus has declined, the price is still high. After the three phosphorus remediation meeting, it is rumoured that the enterprises that did not complete the rectification at the end of December will stop production and rectification. Affected by this news, the yellow phosphorus enterprises currently have limited driving. The price of yellow phosphorus declined and stabilized. The phosphate Market is under construction, and some enterprises mainly digest inventory.

Industry: according to the price monitoring of the business agency, in the 41st week of 2019 (10.14-10.18), there are 0 rising commodities, 4 falling commodities and 1 rising and falling commodity. The main commodities falling were yellow phosphorus (- 5.06%), phosphoric acid (- 1.23%), monoammonium phosphate (- 0.81%). This week’s average was – 1.56%.

III. future forecast

According to the phosphoric acid analyst of business and chemical branch, due to the insufficient support of raw material cost, the demand of phosphoric acid enterprises is mostly in a wait-and-see state, and the price fluctuates with the raw material end, and it is expected that the price of phosphoric acid will maintain stability in the short term.