Phosphoric acid prices have been increased, leading to higher production costs for ferrous phosphate and wet-process phosphoric acid (PPA).

In the price release at the end of February 25th, the prices of ferrous phosphate and the raw material wet-process phosphoric acid (PPA) have been increased. The leading PPA companies have raised their ex-factory prices by 150 yuan. The quoted price for SMM phosphoric acid (85%) is 5600-5900 yuan/ton ex-factory. After the holiday, market transactions were relatively weak, and some scattered orders for sporadic inventory replenishment began to implement the new prices at the end of February.

Originally created by SMM New energy analyst——Chaoxing YANG