The raw material end continued to push up this week, and the phosphoric acid market rose slightly. From the perspective of average price, 85% of the industrial phosphoric acid market in this cycle (12.3-12.9) averaged
The price was RMB 11,281/ton, an increase of 0.42% from the average price of RMB 11,233/ton last week (11.26-12.2).
Market key points
Mainstream enterprises in the phosphoric acid market started normally this week, and the market supply is relatively sufficient. According to the incomplete statistics of Baichuan Yingfu, the output from December 4 to December 10 is expected to be 36,890 tons, which is an increase of 0.68% from the previous week (November 27 to December 3).
Anticipation of the market outlook
It is expected that the phosphoric acid market will issue orders in the short term, and there will still be room for a narrow increase in prices.