Continued rise in phosphoric acid prices and the best time to buy

**Continued rise in phosphoric acid prices and the best time to buy**

Recently, domestic phosphoric acid market prices have continued to rise, and some companies' quotations have risen by more than 10% compared with the beginning of the year. Compared with the past year, the price of phosphoric acid has hit a new high, reaching the highest peak of the year.

Faced with the continued rise in phosphoric acid, when is the best time to purchase? This is the following analysis.

Three main reasons for the rise in phosphoric acid prices

1. The price of raw material yellow phosphorus has risen sharply since the beginning of this year. The price of yellow phosphorus, the main raw material for phosphoric acid, has continued to rise sharply, further exacerbating the rise in phosphoric acid. At the same time, the operating rate of yellow phosphorus enterprises has declined, and the market supply is tight, which has pushed up the cost of phosphoric acid.

2. International market price transmission

Phosphoric acid prices in overseas markets, especially Southeast Asia and Europe, are also rising. Some imported sources have decreased, and domestic manufacturers have raised prices to match the international market.

The best time to purchase

1.Since the current market is still in an upward cycle, prices may remain high in the short term. Purchasers can consider purchasing in batches to avoid concentrated high-priced purchases.

2.If the yellow phosphorus production capacity is restored in the second quarter, the price of phosphoric acid may see a slight correction, which may be a good window for purchase.

Summary: Those who have recent purchase needs can purchase in batches now. At the same time, according to the price trend of phosphoric acid, it is expected that there will be a slight correction in the second quarter. If there are purchase plans in the future, this will be a very good purchase opportunity. Our company is professional in the production of phosphoric acid. If you have any needs, you can contact us at any time.