Price trend

According to the data monitoring chart of SunSirs, on May 10, the market price of phosphoric acid was 10,730 RMB/ton, an increase of 0.19% from the previous day and a year-on-year increase of 103.09%, and the price of wet acid was 10,633.33 RMB/ton, unchanged from the previous day.

Analysis review

Recently, due to the rise in the price of raw material phosphorus yellow, the support of the cost side has been strengthened, and the offers of phosphoric acid enterprises have increased accordingly, but the downstream demand had general follow up, and there was little room for growth.

Market outlook

It is expected that the phosphoric acid market will rise steadily in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com