NWE toluene premium to gasoline hits five-month high

Price Trend

This week, the market price of 85% food grade phosphoric acid is FOB$760 / ton (35 kg/Drum, FOB $740 / ton (330 kg/Drum, FOB$730/Ton (IBC), the price of each manufacturer offering increases scattered, overall prices rose slightly from last week.

Market Condition Analysis

Products: phosphorous chemical industry new contract continues upward, phosphoric acid price goes up slowly .

Industrial chain: starting from around mid to late September, the raw material of coke prices increase and the downstream demand become better, by these supportive factors, yellow phosphorus prices keep rising, net phosphorus mainstream price at $2090/ton - 2120 dollars/tons.Because part of companies spot goods are tensive, together with the rising electricity costs later period, local companies offers continue growing, the downstream phosphate fertilizer and food phosphoric acid price continues to run up.

Market outlook forecast

The upstream raw material price of yellow phosphorus will still maintain a high level, enjoying rising trend. Production costs is also confronting rising trend, such as electricity. The price of phosphoric acid is expected to run slowly this month .