Phosphoric acid on the rise

                                                                         Phosphoric acid on the rise

With the arrival of the peak purchasing season in the fourth quarter, the domestic phosphoric acid market rose in September. As of September 19, the domestic 85% wet-process phosphoric acid market price was around 6,792 /ton.

Cost side

Raw material yellow phosphorus. This week, the market price of yellow phosphorus rose, market sentiment was high, and the manufacturer's quotation was firm. In the short term, the yellow phosphorus market continued to run at a high level.

Supply and demand side

This week, the spot supply of phosphoric acid market is still tight. Some wet-process phosphoric acid units have been shut down for maintenance and have not resumed, the market supply has decreased, and the supply side has favorable support.

Market forecast

Recently, the phosphoric acid market has stabilized after rising. At present, the raw material market is strong at a high level, the cost side is strong, and the spot market is still tight. It is expected that the short-term phosphoric acid market price will be mainly strong.

Customers who need purchased phosphoric acid recently, please hurry up to confirm to avoid the impact of price increases.