Phosphorus Acid Prices, Latest Trend, Supply & Demand

Key Highlights of the Phosphoric Acid Price Trend

The global Phosphoric Acid Price Trend is experiencing significant growth driven by phosphoric acid's essential role in the agricultural sector, particularly in the production of fertilizers. With the global population steadily increasing, the demand for food production is rising, prompting farmers to utilize phosphoric acid-based fertilizers to enhance crop yield and soil fertility. Additionally, the growing demand for processed foods and beverages, which often use phosphoric acid as a flavoring agent and acidulant, further supports industry growth. Industrial applications, such as the production of phosphates for detergents and food additives, are also contributing to the demand. Environmental regulations promoting sustainable agricultural practices are leading to increased investment in advanced fertilizer technologies that often incorporate phosphoric acid. Moreover, the rising trend of green chemistry is encouraging the development of eco-friendly phosphoric acid production methods, aligning with the broader push for sustainability across industries.

Phosphorus Acid Prices Last Quarter Across Regions:

• United States: 1720 USD/MT
• Europe: 1710 USD/MT
• China: 1570 USD/MT

Factors Influencing Phosphoric Acid Price Trend Analysis:

In North America: In the last quarter, the phosphoric acid prices in North America experienced a positive pricing trend with industry prices consistently rising. High sulphuric acid prices were a main factor in driving the upward momentum, as it is a crucial ingredient for producing phosphoric acid and kept overall costs high. Moreover, despite the lack of significant demand in the fertilizer industry, increasing industry prices were driven by delays in shipments and supply-demand imbalances, which were worsened by logistical challenges at key ports. In the United States, there was a clear impact seen, as significant price changes were observed due to fluctuations in seasonal agricultural demand.

In the APAC Region: There were notable pricing difficulties in the APAC industry in the last quarter, as prices saw a substantial decrease. The decrease was mainly due to low demand from areas such as fertilizers and food & beverages, combined with a generally negative industry forecast.

In Europe: Prices in the European industry continued to fall, primarily because of a combination of supply-related issues and limitations in demand. The restart of activities at the Lifosa phosphates factory led to an excess in supply, surpassing moderate demand levels, especially in Germany, where the most notable price fluctuations occurred. Increased transportation expenses and delivery delays worsened the scenario, causing operational costs to rise throughout the area. These elements, along with decreased demand in the downstream industry, resulted in an excess supply, causing prices to consistently decrease.

MEA Region: Several factors drove a notable decrease in phosphoric acid prices in the MEA region during last quarter. A drastic decrease in prices was caused by low demand from industries such as fertilizers and disruptions in the global supply chain. Plenty of stock held by suppliers and decreased activity from international importers also prevented any substantial price hikes. Morocco, specifically, witnessed the most significant price fluctuations, showing a consistent decrease in the industry.

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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