Views: 0 Author: Site Editor Publish Time: 2021-06-21 Origin: Site
On June 18, the average price of domestic Phosphoric Acid was 6000 CNY / ton, down 5.51% from the beginning of last week, up 13.56% month on month and 21.21% from the same period last year.
After the Dragon Boat Festival holiday, the price of raw material yellow phosphorus continued to decline, with a decrease of about 16% so far. After careful wait-and-see in the phosphoric acid market, the quotation began to loosen. In the early stage, when the offer was closed, the enterprises resumed their quotation one after another. The mainstream price in the market was mostly 5500-6700 CNY / ton, with higher and lower prices. At present, the cost pressure has been reduced compared with the previous period. The output of Phosphoric Acid manufacturers has increased, and the price has been reduced. It is still mainly for old customers. The high price transaction is negative, and the wait-and-see mood is not reduced. There are still downward expectations in the short term.
Recently, the high price of raw materials has been adjusted back, and the cost pressure has been reduced compared with the previous stage. The quotation of Phosphoric Acid manufacturers is gradually loosening, and the price trend of raw materials is still cautious. Phosphoric acid market in the short term is expected to still have downward expectations, but also need to pay attention to the trend of raw material prices.
