Price Trend
According to the sample data monitored by business associations, the price of phosphoric acid on July 03 was 4516.67 yuan/ton, which was unchanged from yesterday, and the market is stable today. In the second half of June, the price of phosphoric acid began to fall, dropping by 1.81% on the third day.
| Thiourea |
II. Market Analysis
Today’s domestic mainstream manufacturers offer stable, some factories negotiate the system of real orders. The average price of the main producers of phosphoric acid is 4516.67 yuan/ton, and the price is stable for the time being. With the promulgation of preferential policies for electricity prices in June, yellow phosphorus fell sharply, while demand increased slowly, phosphoric acid prices fell back to spring water-saving level; downstream phosphorus fertilizer spring tillage and fertilizer preparation started slowly, with fewer new single transactions, weak demand and a strong wait-and-see atmosphere.
| Thiourea dioxide |
3. Future Market Forecast
Phosphoric acid analysts believe that the current price has fallen to a low level, coupled with increased market demand, the market is expected to operate steadily in the future.