The latest price of phosphoric acid (May 24): 5910 RMB / ton, the market outlook will fluctuate

Analysis points: On May 24, the price of phosphoric acid rose by 1.37% in the previous trading day. Recently, the price of raw material yellow phosphorus has risen slightly, and the cost support has been strengthened. When the raw material market is stable and improving, phosphoric acid companies mainly operate at high prices, and the price of thermal phosphoric acid is slightly raised. However, the phosphoric acid market is still in poor demand, and the market trading atmosphere is weak.

Forecast of the market outlook: It is expected that the price of phosphoric acid will fluctuate slightly in the short term.

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