Phosphorous Trichloride Prices Rising with Approaching Monsoon Season in India
- 16-Jun-2022 5:28 PM
- Journalist: Motoki Sasaki
The prices of Phosphorous Trichloride surged in the Indian market during the second week of June with prices hovering around INR 160320.00/ton Phosphorous Trichloride Ex- Mumbai and a weekly rise of 3.4%. This week, the upstream feedstock phosphorus yellow price in Yunnan-Guizhou areas rose slightly. The overall trend of the domestic phosphorus yellow market this week was upward, and the spot market was tight. Business owners mainly fulfilled pre-orders and firmed price operations. Traders mainly were waiting and seeing, and downstream purchased on-demand and replenished goods appropriately.
The overall phosphate ore market in China this week maintained a stable operation, with light trading. Supply in the market was tight, downstream purchases remained enthusiastic, market transactions were good, and many high-priced orders were placed. The surging demand from the downstream pesticidal and herbicidal market is surging the prices for Phosphorous Trichloride in India with the approaching of harvest seasons.
The trading atmosphere on the site and the supply of goods are tight. The upstream phosphate rock operates at a high level, and the supply is tight. Downstream inquiry increases, and replenishment is required. Overall, the market confidence is reasonable, the upstream and downstream support is strong, and the transaction price of new orders is higher. To increase agricultural yields, governments in various countries provide subsidies and discounts on purchasing agrochemicals such as fertilizers and pesticides to increase the population and demand for food. Since Phosphorus Trichloride plays a vital role in the production of volume herbicides, pesticides, glyphosate, and organophosphate insecticides, increasing sales of the agrochemicals as mentioned above is bolstering the demand in the market.
As per Chem Analyst, there is an expected increase in sales of phosphorus trichloride due to its increasing use as an intermediate in producing various downstream chemicals, such as phosphites and triphenylphosphine. As phosphorus trichloride is extensively used as a plasticizer in plastics manufacturing, a multiplicity of such developments is expected to boost growth.