Views: 1 Author: Site Editor Publish Time: 2021-09-01 Origin: Site
In August, the Phosphoric Acid market continued to rise due to cost support. The price fluctuation was concentrated in the second half of the month, with an increase of more than 10% in just a few days.
In the first week, with the price of raw yellow phosphorus as low as 24000 CNY / ton, the cost support fell, the quotation manufacturers gradually increased, and the market remained stable as a whole, but some producers reduced price slightly. In the second week, the Phosphoric Acid market still operated slowly and steadily, followed the market and adjusted the price in a narrow range. In the third week, the raw materials tended to be stable, but there were bullish expectations. The Phosphoric Acid market waited carefully for the market to reflect, and there were few low prices. From the fourth week to the end of the month, the output of raw materials decreased, the supply of goods tightened, the price rose sharply to 28000 CNY / ton, and orders were restricted in limited quantities, the cost was under pressure, the commencement of Phosphoric Acid manufacturers declined, the on-site supply tightened, and the market price rose rapidly.
On August 30, the average price of Chinese Phosphoric Acid was 7516.67 CNY / ton, an increase of 700 CNY or 10.27% compared with the beginning of the month, an increase of 56.06% compared with the same period last year.
