JIANGSU KOLOD FOOD INGREDIENTS CO.,LTD.

FOCUS ON FOOD ADDITIVES AND CHEMICALS

Jiangsu Kolod Food Ingredients Co.,Ltd.

JIANGSU KOLOD

FOCUS ON FOOD ADDITIVES AND CHEMICALS

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PHOSPHORIC ACID WEEKLY REPORT (1.14-1.20).

PHOSPHORIC ACID WEEKLY REPORT (1.14-1.20).

2022.01.30 Industrynews 54

This week's key tips

 Price trend
This week, the phosphoric acid market has been watching and consolidating, and the price side is weak and stable. In this cycle (1.21-1.27), the average market price of 85% industrial phosphoric acid is 10483
RMB/ton, down 2% from the average price of RMB 10,698/ton last week (1.14-1.20).

 Market points
The phosphoric acid market supply decreased this week. According to incomplete statistics from Baichuan Yingfu, it is estimated that the output of phosphoric acid during the period from January 22 to January 28 will be 33,360
ton, compared with the previous week (January 15-January 21), the output decreased by 13.8% month-on-month.

 Market outlook prediction
It is expected that the phosphoric acid market will start at a low level in the short term, and the market will operate stably for the time being.

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