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Phosphorous Acid Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Phosphorous Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Phosphorous Acid Price trend for the October-December of 2023
The price trend for phosphorous acid witnessed a fluctuating trajectory during the final quarter of 2023. The prices inclined slowly yet steadily till the mid of November owing to the rising prices of feedstock phosphorous trichloride thereby aiding the rise in upstream cost pressure.
This upstream costs coupled with stable downstream demand and constricted inventories caused the phosphorous acid price to incline. However, the prices started dwindling towards the final phase of the fourth quarter as increased costs proved detrimental to consumer sentiment. The increased pressure on the supply-demand dynamics caused the suppliers to lower their quotations.
The domestic European market exhibited an oscillating trajectory for phosphorous acid prices during the said period. Despite being positive during the initial half of Q4’23, the market sentiment turned bearish in the latter half of Q4’23. As the fertilizers’ demand dwindled the hoarded stocks, which were stocked in anticipation of the increased winter demands suddenly hit the market causing the prices to fall further. Hence, the traders lowered their quotations in hopes of positive product movement.
The US domestic market closely mimicked the trend as seen in its European and Asian counterparts. The market exhibited sluggish sentiment owing to decreasing demands and high prices of feedstock which negatively impacted the prices. Further, the falling prices in exporting nations along with availability of cheap imports further worried the domestic traders causing them to lower the phosphorous acid prices amid enhanced competition.
According to Procurement Resource, the price trend for Phosphorous Acid are likely to fluctuate in the coming months given the current uncertainties in the downstream demands and the other macroeconomic indicators.
Phosphorous Acid Price trend for the July-September of 2023
The price trend for phosphorous acid registered an inclined trajectory during the third quarter of 2023. The heightened prices of feedstock phosphorous trichloride aided the rise in the upstream cost pressure. Further, the rise in downstream fertilizer demands led to regularly vacating inventories, which led to supply shortages amid intense demand. Hence, considering the market dynamics, the traders increased their market quotations, leading to high prices.
The price graph for phosphorous acid recorded a series of inclines during the said period. The rise in downstream demands, along with the stark supply, caused the market fundamentals to swell. Further, the rising costs in the key exporting nations led to the rise of phosphorous acid prices in the European markets. The trading activities increased during the second half of Q3’23, which in turn positively affected the price trajectories.
In line with the global sentiments, the phosphorous acid prices registered an inclining trend during Q3’23. The uptick in the fertilizer demands owing to the upcoming planting season caused the manufacturers to increase their prices. The regularly rising demands amid constricted inventories aided the rise in market sentiments.
According to Procurement Resource, the price trend for phosphorous acid are likely to oscillate in the coming months, given the present market conditions and pricing fundamentals.
Phosphorous Acid Price trend for the First Half of 2023
In the Asia Pacific region, the prices of phosphorous acid witnessed a declining trajectory as the government employed strict measures to curb the emission of sulfur that affected the rates of production of phosphorous acid. In addition to this, in the first and second quarters of 2023, the purchasing appetite of buyers also declined, in which the slow recovery of the market from a long period of COVID restrictions and ongoing labor strikes played a huge role. The market activities also remained uncertain throughout the first two quarters of 2023, and thus the price trend of phosphorous acid took a downward toll.
In Europe, to keep the price trend afloat, manufacturers had to induce several cuts in the production rates. A high number of imports from Asian countries caused the level of inventories to rise, and with the increase in market competition, the price trend of phosphorous acid in Europe slumped in the first half of 2023.
The entry of Asian players in the North American market increased the competition that proved to be a problem for local manufacturers amid the subdued market conditions. The demand from the end-user industries remained low in view of the falling economic conditions of the market, which further weakened the market sentiments, and thus, as a result, the price trend of phosphorous acid fell in the North American region.
According to Procurement Resource, the price trend of Phosphorous Acid is estimated to showcase a declining trend as the global market dynamics do not seem to be supporting the rise in prices of phosphorous acid.
Phosphorous Acid Price trend for the Second Half of 2022
The prices saw a see-saw trend in the Asia-Pacific market for the third quarter. The demand from the end-user industries and limited supply along with strong support from the feedstock Phosphate mineral led to a rise in the prices. The later months of the quarter were however much more stable as compared to the initial, and the price remained unchanged till the fourth quarter. The fourth quarter was, however, not favourable for the price of the commodity as the price of raw materials weakened in the region. The demand from the end-user industries also remained low leading to a bearish trend in the prices throughout the quarter.
Phosphorous acid prices remained stable in the third quarter. There was a slight rise in growth observed in the middle of the quarter as the demand from the industrial market increased. With a weak supply chain and decreased production of the commodity, the prices increased. The fourth quarter, however, did not follow the same trend. The prices started falling from the initial months as the imports soared high along with the rise in inventories especially in Germany as compared to the other European nations.
The prices for phosphorous acid inclined in the third quarter. The primary cause of this is the rise in demand from overseas countries and the soap and detergents industry. The demand from the agriculture sector that employs it in fertilizers remained sluggish. This was, however, compensated for by the rise of its usage in the soap and detergent industries. The rise was halted during the mid-fourth quarter as the supply chains remained strong in front of feeble demand from the end-user industries.
The prices of Phosphorous acid are likely to increase during the coming month given a rise in demand from the end-user industries and the rise in the prices of the feedstock.
Phosphorous Acid Price trend For the First Half of 2022
The continuing Russian-Ukrainian geopolitical stance caused unparalleled volatility in the markets worldwide. The food, feed and energy prices skyrocketed owing to the sanctions against Russian exports amid budding downstream demand. With the peak agricultural season, the demand for phosphate-based fertilizers rose immensely.
The constricted supply chains further tightened when the Chinese government decided to ban the exports of fertilizers until June 2022 stating domestic reasons. The prices of phosphate rock and phosphate yellow average 37000 RMB/MT supporting the high quotations of phosphorous acid by the sellers. With the increased acreage in the USA, the demand for fertilizers increased providing the demand side support to inflated prices trend of phosphorus acid.
Procurement Resource provides latest prices of Phosphorous Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Phosphorous Acid, an intermediate in the production of other phosphorus compounds, is a diprotic acid. A diprotic acid simply means that it readily ionises two protons. It is a weak dibasic acid. Phosphorous Acid is widely utilised in the production of basic lead phosphite, a stabiliser in PVC along with related chlorinated polymers.
|Agricultural chemicals (non-pesticidal), Intermediates, Corrosion inhibitors and anti-scaling agents, Lubricants and lubricant additives
|Phosphonic acid, Dihydroxyphosphine oxide, Orthophosphorous acid, Oxo-λ5-phosphanediol, Oxo-λ5-phosphonous acid
|Jordan Phosphate Mines Company Plc., Ma’aden Wa’ad Al Shamal Phosphate Company (MWSPC), OCP Group, Yara International ASA, The Mosaic Company
|Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|US$ (Data can also be provided in local currency)
|Supplier Database Availability
|The report can be customized as per the requirements of the customer
|Post-Sale Analyst Support
|360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The production of Phosphorous Acid from phosphorus trichloride involves the process of hydrolysis. Thus, phosphorus trichloride is hydrolysed with water or steam to obtain Phosphorous Acid as the final product.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103