1、 Price trend
| Bacillus thuringiensis |
According to the commodity market analysis system of the business community, as of August 4, the reference average price of 85% thermal phosphoric acid in China was 6650 yuan/ton, which was 0.15% higher than the reference average price of 6640 yuan/ton on July 31.
According to the Commodity Market Analysis System of the Business Society, as of August 4th, the reference average price of 85% wet process phosphoric acid in China was 6433 yuan/ton, which is lower than the reference average price of 6433 yuan/ton on July 31st. The domestic wet process phosphoric acid price remained stable this week.
2、 Market analysis
| Gamma-PGA (gamma polyglutamic acid) |
The market price of thermal phosphoric acid has slightly increased this week. The price of raw material yellow phosphorus has increased, and cost support is positive. However, downstream demand is not performing well, with primary demand for restocking and average market transactions. As of August 4, the ex factory quotation of 85% thermal phosphoric acid in Yunnan was about 6700 yuan/ton, and that of 85% thermal phosphoric acid in Hubei was about 6750-6800 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 5700-7300 yuan/ton.
In terms of raw material yellow phosphorus, the price center of the Yungui yellow phosphorus market has been upward this week. At present, the overall market trading situation of yellow phosphorus is relatively good. The spot market of yellow phosphorus is tight, and the transaction price of new orders is stable and strong. Manufacturers mainly place early orders, but there is not much inventory on the market, which is difficult to sell at low prices, resulting in a relatively stagnant supply and demand. The enterprise will not provide external quotations for the time being, and will discuss the actual order in detail. As of now, the quotation is around 24200-24000 yuan/ton, and the actual transaction is subject to negotiation.
3、 Future Market Forecast
Phosphoric acid analysts from Business Society believe that the price of phosphoric acid has been fluctuating recently. Although cost side support is positive, terminal demand is weak, with downstream cautious wait-and-see as the main focus, and limited room for phosphoric acid growth. It is expected that in the short term, the price of phosphoric acid in the market will narrow down and may rise with the increase of raw materials.
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