Raw material price keeps rising, then Chinese market of Phosphoric Acid rises steadily

On April 20, the average price of domestic phosphoric acid was 5250 CNY / ton, up 0.64% from last Tuesday, 1.29% from the beginning of the month, and 5.7% from the same period last year.

Recently, the price of raw material yellow phosphorus continued to rise due to the tight spot and the opening of downstream stock preparation before the Labor Day festival, which led to the steady rise of the phosphoric acid market. The phosphoric acid enterprises did not adjust the price much. They adjusted the price slightly by 50-100 CNY / ton, carefully watching the market reaction. At present, although the support of cost side is getting stronger, the follow-up of phosphoric acid demand side is general, the inquiry enthusiasm is not high, and the purchasing just needs to be maintained. Both the buyer and the seller are in a wait-and-see state, and the trading atmosphere is not warm.