1. Price Trends
| Gamma-PGA (gamma polyglutamic acid) |
According to the Business Society’s Commodity Market Analysis System, the reference average price of domestic 85% industrial-grade phosphoric acid was 6,670 yuan per ton on September 30, compared to 6,700 yuan per ton on September 1, marking a 0.45% decline in domestic 85% industrial-grade phosphoric acid prices this month.
II. Market Analysis
The domestic phosphoric acid market experienced a fluctuating trend this month, with prices rising initially and then declining. In the first half of the month, domestic phosphoric acid prices saw a slight increase. The raw material yellow phosphorus market remained relatively stable, with no significant fluctuations in costs. Phosphoric acid trading remained steady, with downstream buyers purchasing based on demand. In the latter half of the month, domestic phosphoric acid prices experienced a downward fluctuation. The price of yellow phosphorus dropped, weakening cost support. The phosphoric acid market followed the trend of raw material prices downward, while supply and demand in the phosphoric acid market remained stable.
Market trends
As of September 30, the ex-factory price of 85% hot phosphoric acid in Hubei region was approximately 6,400-6,800 yuan per ton, while in Sichuan region it was around 6,300-6,700 yuan per ton, and in Yunnan region it stood at about 6,450 yuan per ton.
Raw material market trends
Raw material yellow phosphorus market trends. This month, the yellow phosphorus market experienced a weak decline. Supply in the yellow phosphorus market is ample, while demand has weakened. Downstream inquiries have decreased, with many buyers pressing for lower prices. As the National Day holiday approaches, manufacturers are lowering prices to offload inventory and ease stock pressure.
III. Market Outlook
The phosphoric acid analyst from Business Society noted that the recent market for phosphoric acid has been stable and well-organized. The price of raw material yellow phosphorus has been weak, lacking sufficient cost-side support. Currently, the trading activity in the phosphoric acid market remains decent, with downstream demand for restocking before the holiday. It is expected that the domestic phosphoric acid market will remain stagnant and well-organized in the short term.
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