Phosphoric acid market keeps stable after Chinese New Year holiday

On February 20, the average price of domestic phosphoric acid was 5050 CNY / ton, which was the same as that before Chinese New Year holiday (on February 9) and the same month on month, with a decrease of 5.61% compared with the same period last year.

After the Chinese New year holiday, the phosphoric acid market is stable, the price of raw materials is temporarily stable, and the festival atmosphere has not subsided. Some phosphoric acid enterprises start work on the eighth day of the lunar new year, some enterprises plan to enter the market next week, and the downstream demand side is gradually recovering. As a whole, the market is still in a rest period. The price of phosphoric acid mostly maintains the level before the festival, and the attitude of the industry is relatively calm. It is expected that the phosphoric acid market will be stable in the short term.