In the global market, Phosphoric Acid prices experienced a decline as of mid-September. This drop in the Phosphoric Acid price is in line with the reduced sourcing prices set by Moroccan suppliers worldwide. Interestingly, this decrease contrasts with the broader feedstock market trends, particularly sulfuric acid, which has seen a significant upturn in recent sessions. Despite this, the balanced prices of phosphate rock have provided some support for Phosphoric Acid production management. With respect to the recovery in the demand globally, the excess inventories availabilities has created surplus in the supply and the demand ratio. Furthermore, reduced freight charges across various global shipping routes have contributed to the overall pricing dynamics of Phosphoric Acid in the global market.
In Morocco, the price of Phosphoric Acid has declined to xxx USD/MT FOB-Casablanca. From the manufacturer&#xx;s side, OCP reported robust financial performance in...
