Views: 1 Author: Site Editor Publish Time: 2021-06-28 Origin: Site
On June 25, the average price of domestic Phosphoric Acid was 6000 CNY / ton, which was the same as that at the beginning of last week, 2.96% lower than that at the beginning of this month, and 23.29% higher than that at the same period of last year.
Last week, the Phosphoric Acid market was relatively calm, and the price of raw material yellow phosphorus fell. Phosphoric Acid manufacturers were on the wait-and-see situation, and most of them maintained the early quotation. The early higher quotation was gradually reduced, but the overall market price was still significantly higher than that of the same period last year. With the reduction of cost pressure, the starting of Phosphoric Acid manufacturers continued to return to normal, and the price was expected to continue to decline.
At present, the cost pressure has been reduced compared with the previous period, and the quotation of Phosphoric Acid enterprises has been gradually reduced, but the wait-and-see mood is not reduced. It is expected that in the short term, the Phosphoric Acid market will follow the decline of raw material prices and steadily decline.
