Phosphorus Acid Prices

Phosphorus Acid Prices September 2024

The phosphorus acid prices in the United States for Q3 2024 reached 1920 USD/MT in September. The region saw a rise in prices, driven by strong downstream demand and rising feedstock costs. Supply chain disruptions, including those from plant shutdowns during hurricane season, reinforced this upward price movement as the market remained bullish.

The price trend for phosphorus acid in China for Q3 2024 settled at 1735 USD/MT in September. The market experienced pronounced price shifts driven by fluctuating raw material costs and seasonal demand changes. Despite a bearish outlook and moderate demand levels, the region marked consistent price increases fueled by ongoing supply chain challenges.

In Germany, the phosphorus acid prices for Q3 2024 reached 1826 USD/MT in September. The market saw a steady price rise throughout the quarter. This trend was supported by stable feedstock prices and consistent demand from key industries. Plant shutdowns and an optimistic market sentiment further added to the price escalation, maintaining overall market stability.

Phosphorus Acid Prices June 2024

The phosphorus acid prices in the United States for Q2 2024 reached 1800 USD/MT in June. The prices dropped due to an influx of low-cost Asian imports, high inventory levels, and reduced bidding activity. Seasonality impacted agriculture demand, while logistical challenges, related to the sea routes, further strained the market.

The price trend for phosphorus acid in China for Q2 2024 settled at 1520 USD/MT in June. The market saw falling prices amid weak demand from textiles and agrochemicals. Moreover, market uncertainty and an oversupply exacerbated price declines, as SMEs and larger buyers took cautious approaches despite lower raw material costs.

In Germany, the phosphorus acid prices for Q2 2024 reached 1770 USD/MT in June. The market experienced a significant price decline due to low demand from key industries like fertilizers and agrochemicals. Additionally, seasonal weather impacts on agriculture and a general economic downturn weighed heavily on the market, leading to sustained negative sentiment.

Phosphorus Acid Prices December 2023

The phosphorous acid prices in the United States for Q4 2023 reached 1720 USD/MT in December. The cost of phosphorus acid dropped in late 2023 due to reduced phosphate rock prices from major exporters. This led to decreased demand in agrochemical fertilizers and other sectors, pressuring suppliers to limit inventory growth and wait for market stabilization.

The price trend for phosphorus acid in Europe for Q4 2023, reached 1710 USD/MT in December. The prices declined in the last quarter of the same year, impacted by lower phosphate rock costs from key sources. The market witnessed reduced demand from agricultural and fertilizer sectors, prompting suppliers to cautiously manage stock levels amidst a challenging economic environment.

The price trend for phosphorus acid in China for Q4 2023, reached 1570 USD/MT in December. The market prices began to fall in China as market buyers continued waiting on weak downstream demand and phosphate rock also started losing ground. Supply chain disruption, ongoing manufacturing slowdowns, and uncertainties regarding the economy also continued to put pressure on prices as suppliers lowered their quotations again while shrinking inventories.

Regional Coverage

The report provides a detailed analysis of the phosphorus acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the phosphorus acid price trend.

Global Phosphorus Acid Price

The report offers a holistic view of the global phosphorus acid pricing trends in the form of phosphorus acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into phosphorus acid historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into phosphorus acid price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed phosphorus acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Phosphorus Acid Price

Q3 2024:

During Q3 2024, the phosphorus acid prices across Europe escalated significantly, with Germany standing out for notable price hikes. The upward trend was influenced by steady feedstock costs and heightened demand from key sectors, particularly agriculture. A generally bullish market sentiment and moderate supply further supported these price increments. Disruptions from regional plant shutdowns added to the supply challenges. Although there was a slight dip compared to the previous quarter, Germany’s market maintained stability, showing consistent price growth throughout Q3 2024, spurred by ongoing demand dynamics.

Q2 2024:

During Q2 2024, the phosphorus acid market in Europe faced a continuous decline in prices, especially in Germany, where subdued demand from agrochemicals and fertilizers contributed to the downturn. Seasonal factors and adverse weather further impacted agriculture, reducing phosphorus acid requirements. This decline aligns with a regional trend of rising commodity prices amid economic challenges. Unlike other markets, the European phosphorus acid sector saw no major production disruptions, highlighting that reduced demand was the primary price driver. Overall, the quarter reflected a challenging landscape marked by lower demand and sustained negative market sentiment.

Q4 2023:

Phosphorus acid prices in Europe showed a downward trend in the fourth quarter of 2023, driven by a decrease in phosphate rock prices from main suppliers. This decline coincides with a challenging year for the agricultural sector, marked by reduced labor productivity and climate change impacts. Despite the growth in farm sizes, overall productivity has slowed, reflecting weaker demand from the fertilizer sector and reduced phosphorus acid consumption. Key players in the market are experiencing reduced margins due to international pricing pressures. In Germany, moderate availability of phosphorus acid results from low demand in downstream sectors. Suppliers, observing fewer bids, are actively managing their inventories to maintain satisfactory stock levels, reflecting cautious market behavior.

This analysis can be extended to include detailed phosphorus acid price information for a comprehensive list of countries. 

North America Phosphorus Acid Price

Q3 2024:

Throughout the third quarter of 2024, phosphorus acid prices in North America saw a significant upward trend, particularly in the USA, due to strong demand from downstream sectors and rising feedstock costs. Despite a seasonal dip in agrochemical demand, overall prices remained bullish. Supply chain challenges, exacerbated by disruptions linked to the hurricane season and plant shutdowns, further supported this price surge. In addition, the USA market, in particular, showcased a positive relationship between demand and pricing, maintaining a steady increase throughout the quarter.

Q2 2024:

Throughout the second quarter of 2024, the North American phosphorus acid sector witnessed a price dip, primarily driven by lower-cost imports from Asia, which led to oversupply issues. Weakened demand across key sectors like fertilizers and textiles, alongside reduced water treatment needs, put downward pressure on prices. Moreover, economic recovery indicators were insufficient to offset these effects. In the United States, oversupply conditions, high inventories, and subdued bidding behavior compounded the price drop. Additionally, seasonally low activity in agriculture, a major phosphorus acid consumer, contributed to this trend. Logistical bottlenecks further hindered the supply chain, amplifying the supply-demand imbalance throughout the quarter.

Q4 2023:

In North America, phosphorus acid prices dropped in final quarter of 2023, largely due to falling prices of phosphate rocks from key exporters. This decline impacted the downstream fertilizers and fungicides based on them to the public, with reduced demand from end-users. Leading companies faced challenges as lower prices squeezed their sales and profit margins. The U.S. market, particularly in agrochemical fertilizers, witnessed a decline in demand, affecting other sectors that use phosphorus acid as a reducing agent. Consequently, suppliers are cautious about building up stocks. Meanwhile, companies are monitoring crop conditions and prices in Brazil and surrounding regions for potential production boosts. Despite steady supply levels, profits remain low, prompting suppliers to await market stabilization before increasing inventories.

Specific phosphorus acid historical data within the United States and Canada can also be provided.

Middle East and Africa Phosphorus Acid Price

The report explores the phosphorus acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on phosphorus acid prices for countries can also be provided.

Asia Pacific Phosphorus Acid Price

Q3 2024:

The Asia Pacific region observed a noticeable rise in phosphorus acid prices in Q3 2024, driven by a combination of seasonal demand and supply chain disruptions. Fluctuating raw material costs and plant shutdowns played a pivotal role in these price changes. In addition, China, leading the region in price volatility, reflected a mix of bearish market conditions alongside moderate demand. Despite a slight quarter-on-quarter decline, there was an evident positive trend when viewed year-on-year. The region concluded the quarter with sustained price growth, showing resilience amid fluctuating market conditions.

Q2 2024:

The Asia Pacific phosphorus acid market experienced a steady price decline in Q2 2024, with China bearing the brunt of this trend. Weak demand from primary sectors such as textiles and agrochemicals, coupled with economic uncertainties, prompted buyers, particularly SMEs, to adopt a cautious stance. While raw material costs dropped, price pressures persisted due to oversupply, influenced by downturns in both upstream and downstream markets. Supply chain issues, aggravated by regional economic and geopolitical dynamics, added further complications. Notably, no major plant disruptions occurred, underscoring that the decline stemmed largely from demand-side constraints rather than supply shortages.

Q4 2023:

In the Asia-Pacific region, phosphorus acid prices fell in final of 2023, firstly due to lower Phosphate rock prices and declining demand in the downstream market. This trend was further fueled by a significant drop in Phosphorus Trichloride prices. China’s manufacturing slowdown, continuing into December, created uncertainty around economic recovery, prompting discussions on potential economic stimulus measures. Suppliers reacted to these conditions by reducing ex-quotation prices for phosphorus acid. In India, a decrease in Rabi crop cultivation, based on Agricultural Ministry data, further weakened demand for phosphorus acid, indicating a slowdown in both industrial activities and downstream market demand. These factors combined to influence the observed price decline in the region.

This phosphorus acid price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Phosphorus Acid Price

The analysis of phosphorus acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region. 

Phosphorus Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Phosphorus Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of phosphorus acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of phosphorus acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of phosphorus acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing phosphorus acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Phosphorus Acid Market Analysis

The global phosphorus acid market size reached US$ 25.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 42.9 Billion, at a projected CAGR of 6% during 2023-2032.

• The increasing product adoption in agriculture sector due to rising fungal disease is primarily driving the market growth. Phosphorus acid is primarily used as a fungicide in the agriculture sector. Its effectiveness in combating various plant pathogens, including root and foliar diseases, is driving its widespread use in farming. The National Library of Medicine estimated that 10–23% of crops are destroyed due to these diseases pre-harvest, despite disease interventions, and a further 10–20% post-harvest. Besides, as global agricultural activities expand to meet the increasing food demand due to population growth, the need for phosphorus acid-based fungicides continues to rise. According to the UNITED NATIONS, the growing human population, which is expected to reach 9.7 billion by 2050, together with the growth in income per capita will substantially increase the demand for food.
• Phosphorus acid is also utilized in water treatment processes as it serves as a critical chemical in controlling waterborne pathogens and algae, maintaining water quality in industrial processes, municipal water systems, and swimming pools. Moreover, phosphates are often added to drinking water at public water systems as a corrosion inhibitor to prevent the leaching of lead and copper from pipes and fixtures. Consequently, the rising demand for clean drinking water is also propelling the market growth. According to the World Health Organization, in 2022, 73% of the global population (6 billion people) used a safely managed drinking-water service, that is, one located on premises, available when needed, and free from contamination.
• In many regions, there is a significant push from regulatory bodies to reduce the environmental impact of agricultural chemicals. Consequently, phosphorus acid, being one of the less harmful fungicides when compared to other more toxic chemicals is gaining traction for use in agriculture, which encourages its adoption. The expanding agrochemicals market which is expected to reach US$ 390.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032 as stated by IMARC Group is also propelling the use of phosphorus acid.

Phosphorus Acid News

The report covers the latest developments, updates, and trends impacting the global phosphorus acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in phosphorus acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the phosphorus acid price trend.

Latest developments in the phosphorus acid industry:

• In May 2023, The OCP Group secured a 50% ownership share in GlobalFeed SL to broaden its presence in the animal nutrition industry and enhance customers' accessibility to the company's phosphoric acid products.
• In February, 2022 EuroChem Group completed the acquisition of the Serra do Salitre phosphate project and took over the advanced-stage mine and plant in Minas Gerais.

Product Description

Phosphorus acid, also known as phosphonic acid, is a chemical compound with the formula H₃PO₃. It is one of several oxoacids of phosphorus and should not be confused with phosphoric acid (H₃PO₄). Phosphorus acid is a diprotic acid (not triprotic like phosphoric acid), meaning it can donate two protons (H⁺ ions). Its chemical structure consists of a phosphorus atom bonded to three hydroxyl (OH) groups and one double-bonded oxygen. It is a colorless and odorless crystalline solid and is often sold and used in solution form. It is moderately soluble in water and releases heat when dissolved, which is a common characteristic of many acids when they interact with water.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of phosphorus acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting phosphorus acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The phosphorus acid price charts ensure our clients remain at the forefront of the industry.