In the global market, Phosphoric Acid prices experienced a slight increase in the last week of April. This surge in the Phosphoric Acid price is primarily driven by market participant&#xx;s actions amidst an overall under-pressure performance in the Phosphate market. Price actions suggest that market participants are currently focused on destocking inventories, leading to subdued bidding activities for accumulation during this period. These factors collectively influenced the price of Phosphoric Acid throughout the respective period, indicating a cautious market sentiment amidst inventory adjustments and broader market dynamics.
In the Asian market particularly China, the price of Phosphoric Acid in China remained witnessed a marginal surge in Hx April. Weak performance in the upstream phosphate rock market, coupled with tepid demand, contributed to this stability. While some regions experienced tight phosphate rock supply, others faced challenges due to weak supply and demand dynamics. Price actions suggest suppliers are...
