The Chinese phosphoric acid 85% market is stable in early August 2026, with the official benchmark holding at 8,725 CNY/t for three consecutive days (August 3–4). The wet-process acid benchmark stands at 8,850 CNY/t, unchanged over the same period.
Price Trends and Spread
The gap between the general benchmark and the wet-process benchmark narrowed to 125 CNY/t, reflecting a slight convergence in pricing. On August 3, the daily average difference for phosphoric acid was -31.25 CNY/t, which had been shrinking from negative territory but then re-expanded, indicating persistent downward pressure on spot prices relative to the benchmark.
Supply and Demand
Daily commodity price reports from August 2–4 show no major fluctuations in quoted offers, suggesting balanced supply-demand conditions. No significant production disruptions or demand surges were reported during this window.
Outlook
With the benchmark stable and the negative daily spread re-widening, the market is likely to remain rangebound in the near term. Buyers may watch for potential seasonal demand shifts, but no directional catalyst is evident from current data.