SunSirs: The Market Price of Phosphoric Acid rose on May 10
May 11 2022 14:18:35 SunSirs (John)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.
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- 2023-07-25 SunSir: Cost Supported, the Price of Thermal Method Phosphoric Acid Rose (July 17-21)
- 2023-07-05 SunSirs: The Phosphoric Acid Market Fluctuated and Sorted out in June
- 2023-06-09 SunSirs: Cost Boosting, Phosphoric Acid Market Price Rose (June 1-8)
- 2023-05-26 SunSirs: Phosphorus Yellow Rose, and the Market for Phosphoric Acid Produced by Thermal Method Stopped Falling (May 19-25)
- 2023-05-25 SunSirs: It is Expected that the Price of Phosphoric Acid will not Change Much in the Short Term
