Views: 0 Author: Site Editor Publish Time: 2021-04-15 Origin: Site
On April 15, the average price of domestic phosphoric acid was 5416.67 yuan / ton, up 0.64% compared with the previous day, which was flat on a month on month basis, up 4.33% compared with the same period last year.
Driven by the rising price of raw material yellow phosphorus, the phosphoric acid market rose slightly by 0.64%. The price of enterprises was adjusted by 100-150 CNY/ ton. Some enterprises stayed on the sidelines. Last week, the price of yellow phosphorus dropped, phosphoric acid fluctuated obviously with yellow phosphorus, and some phosphoric acid enterprises' quotations were callback. This week, yellow phosphorus stopped falling and rebounded, rising by 1.18%. Supported by cost, the low-end price of phosphoric acid was gradually increased.
At present, the raw material cost of monoammonium phosphate is high, and the downstream demand is limited. Now diammonium phosphate is mainly exported, domestic spring ploughing is coming to an end, and the supply and demand are in balance. It is expected that monoammonium phosphate will keep stable operation in the short term, while diammonium phosphate may be adjusted in a narrow range.
As the price of raw material yellow phosphorus rises, the supporting force is gradually strengthened. The phosphoric acid market is cautious and wait-and-see. At present, the downstream demand is relatively flat. Affected by the cost, it is expected that the price of phosphoric acid will rise steadily in the short term.
