Phosphoric acid prices hit a new high for the year

　　Since the beginning of this year, the phosphoric acid market has been trending strongly and prices have continued to rise, with an increase of over 7% in May
.
By the first ten days of June, the market price reached 11,400 yuan (ton price, the same below), an increase of 128.
6% compared with 4,983 yuan at the beginning of this year, and an increase of 84.
2% compared with the same period last year, constantly hitting new highs during the year
.

　　The sharp rise in the price of raw materials has played a significant role in promoting the rise in the price of phosphoric acid
.
Judging from the price trend of phosphate rock, since the international price of phosphate rock is as high as 1,500 yuan, which is quite different from the domestic price, the domestic price has accelerated the pace of catching up with the international price.
Among them, the domestic price of phosphate rock was raised 5 times in May
.
According to market monitoring data, by the end of May, the average domestic phosphate rock market price was 863 yuan, an increase of 130 yuan or 17.
7% compared with April
.
At present, the domestic phosphate rock market is still in a push-up atmosphere, and the tight supply situation has not eased for the time being
.

　　At the same time, the price of yellow phosphorus, another raw material of phosphoric acid, has also risen sharply.
At the beginning of this year, the price of yellow phosphorus was 16,200 yuan, but it has risen to 38,700 yuan so far, an increase of 138.
9% during the year, an increase of 54.
7% over the same period last year
.

　　In addition, from the perspective of downstream demand, phosphoric acid is widely used in ammonium phosphate production.
The first half of the year is the peak season for spring ploughing fertilizer.
In addition, affected by the skyrocketing international fertilizer prices, the ammonium phosphate market is hot in the first half of this year, prices have been rising, and demand is strong
.
In addition, other downstream industries of phosphoric acid, such as lithium iron phosphate, sodium tripolyphosphate, phosphate, and phosphorus chemical products, also maintain a good demand for phosphoric acid
.

　　In this regard, the business agency said that the price of phosphoric acid market rose with the support of cost in May.
At the end of the month, downstream purchases remained just in demand, and a small amount of replenishment was the mainstay
.