China's phosphoric acid market was temporarily stable last week (Mar.22-Mar.26)

On March 29, the average price of domestic phosphoric acid was 5250 CNY / ton, which was the same as that at the beginning of the last week and the same month on month, with a decrease of 1.56% compared with the same period last year.

Last week, the overall trend of the domestic yellow phosphorus market was down, the inquiry in the yellow phosphorus market was general, the trading was light, and the wait-and-see mood of traders was obvious. Downstream customers mainly purchase on demand, new orders are limited, and the price is slowly declining.

The price of raw material yellow phosphorus has been reduced, and the supporting force has gradually weakened. The phosphoric acid market is cautious and wait-and-see, with more stable declines. At present, the downstream demand is relatively flat, and the market transaction atmosphere is tepid. It is expected that the price of phosphoric acid will decline steadily in the short term.