On March 21st, the benchmark price of phosphoric acid for the business community was 8175.00 RMB/ton, a decrease of -2.68% compared to the beginning of this month (8400.00 RMB/ton).

Phosphoric acid analysts from the Business Society believe that the market trend of raw material yellow phosphorus is weak recently, and the hot process phosphoric acid market is dominated by wait-and-see. Currently, there are relatively few transactions on the market, and downstream purchases are made on demand. It is expected that the weak price of phosphoric acid will be dominated by consolidation and operation in the short term.

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