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On the cost side, the prices of industrial-grade MAP and phosphoric acid remained stable in June. Although the price of ferrous sulphate increased, the overall cost fluctuation was relatively small. Due to a lack of cost support, iron phosphate prices continued to weaken, with some enterprises more actively reducing prices to ensure shipments.
In July, with the resumption of production by enterprises undergoing maintenance and the gradual release of capacity, iron phosphate production is expected to increase slightly. It is projected that production will increase by 4% MoM and 61% YoY in July.
While ensuring supply, enterprises will continue to monitor changes in costs and demand, adjusting their production and sales strategies to adapt to market dynamics.
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