In the USA market, there has been a notable surge in the price of Phosphoric Acid in March, largely driven by increased demand from the downstream fertilizer market. Market participants are actively stimulating purchasing activities of Phosphoric Acid, seeking to signal a retracement in the previous downward price trend. This uptick in price indicates a potential shift in market dynamics. However, it&#xx;s important to note that the potential for a full trend reversal in the Phosphoric Acid market remains uncertain. Suppliers are closely monitoring price movements and are poised to initiate bulk accumulation of Phosphoric Acid inventories in the upcoming month.
In the US market, the price of Phosphoric Acid stabilized at $xxxx per metric ton FOB-Texas, reflecting a x.xxx increase. Recent data from Mosaic, a major fertilizer manufacturer, suggests that first-quarter sales volumes for phosphates are expected to align with previous guidance, ranging from x.x...
