China’s 85% phosphoric acid prices remain relatively firm, supported by demand from the battery materials sector and a diversified range of downstream applications. Continued demand from phosphate-based battery supply chains provides a solid foundation for the market, while stable consumption across other industrial applications also contributes to price resilience.

Raw material costs remain an important source of support. Despite recent fluctuations in international sulphur prices, costs across the phosphate value chain remain relatively high, keeping production costs elevated and limiting the scope for significant price reductions. Supply-side constraints also provide additional support to producer offers.

Looking ahead, the combination of sustained demand from battery-related applications, elevated raw material costs and supply-side discipline is expected to underpin 85% phosphoric acid prices. While market conditions may vary across applications, the overall outlook remains relatively stable, with cost support continuing to play a key role in maintaining current price levels.