SunSirs: On October 11, Phosphoric Acid Market Prices Were Lowered from High Prices

　　Price trend

　　The latest price (October 11): 19,000 RMB/ton

　　Analysis review

　　According to the data monitoring chart of SunSirs, on October 11, the phosphoric acid market went down, and the company gradually lowered the price of phosphoric acid, and the price was mostly below 20,000 yuan.

　　The price of raw material yellow phosphorus was lowered, and the cost pressure was slightly reduced. The start-up load of phosphoric acid enterprises gradually increased, and the flexibility of adjustable price space increased, so the price was lowered.

　　Market outlook

　　It is expected that the market price of phosphoric acid may have further downside expectations.