Newsletter summary
The price of 85 content thermal phosphoric acid in China has dropped by 0.Premierleaguepoker.75%PremierleaguepokerThe price of yellow phosphorus is reduced by 3%.Premierleaguepoker.53%, the price of phosphate rock rose slightly by 0.58%, and the phosphoric acid market is expected to remain weak in the short term.
Text of news flash
[the price of domestic thermal phosphoric acid fell by 0.75% this month] the price of domestic thermal phosphoric acid fell this month. As of May 11, the reference average price of 85 content thermal phosphoric acid in China was 6650 yuan / ton, down from 6700 yuan / ton on May 6.Premierleaguepoker0.75%. The market price of raw material yellow phosphorus is reduced, which leads to the weakening of cost support, and the price of thermal phosphoric acid goes down. [phosphoric acid market price reduction] the domestic phosphoric acid market price fell this week, affected by the reduction in raw material prices and downstream purchasing demand. The average price of yellow phosphorus was 23593.33 yuan / ton on Monday, while the average price fell 3.53% to 22760 yuan / ton on Saturday. The downstream inquiry situation is more positive, but the purchase price is mainly depressed, at present, most manufacturers do not quote. [phosphoric acid market price in Hubei area is stable] 85% of the market price of thermal process phosphoric acid in Hubei area is stable. As of May 11, the quotation is about 6350-6900 yuan / ton. The domestic market price of 85% wet-process phosphoric acid is also stable, with a price range of 6400-7300 yuan / ton. [phosphate rock market has risen slightly] the phosphate rock market has risen slightly this week. The average reference price of 30 per cent grade phosphate rock was 1042 yuan per ton on Monday and rose to 1048 yuan per ton on Saturday, an increase of 0.58 per cent. In the short term, the phosphate ore market is expected to be stable, the specific trend needs to pay attention to the supply and demand side news. The phosphoric acid market is expected to continue to be weak. Analysts believe that due to the weak price of raw material yellow phosphorus, insufficient cost support and limited market demand, it is expected that the phosphoric acid market will continue to be weak in the short term.
