Views: 0 Author: Site Editor Publish Time: 2021-05-26 Origin: Site
On May 26, the average price of domestic Phosphoric Acid was 5333.33 CNY / ton, up 0.95% compared with the previous day and 2.56% compared with the same period last year.
Looking back to last week, the supply of raw material yellow phosphorus was short of demand, and the price soared. The Phosphoric Acid market was cautious and had the intention to increase. On the 26th, the yellow phosphorus market price continued to rise, breaking through 20000 yuan, with a one-day increase of about 13%. The cost support is strong, so the Phosphoric Acid market price rises, with the range of 50-700 CNY / ton, and some enterprises' quotations rose above 6000 CNY/ton, There are also some enterprises that have not offered new prices yet, but tend to increase obviously, and the overall market focus has moved up.
Generally speaking, the raw material yellow phosphorus market is in short supply and the price soars, which drives the price trend of Phosphoric Acid. The producers actively follow the trend, and some enterprises close the offer. It is expected that the Phosphoric Acid market will continue to rise in the short term under the strong support of cost.
