Phosphoric Acid prices in key Asian markets, including India and China, saw a marginal decline in mid-February, influenced by supplier price corrections and fluctuating raw material costs. A drop in phosphorus yellow prices added to the downward pressure, while downstream buyers remained cautious with limited procurement. Despite stable phosphate rock prices and balanced supply-demand dynamics, the market witnessed moderate adjustments, with prices expected to remain under slight pressure in the short term.

In the Indian market, the price of Phosphoric Acid witnessed a marginal decline as of mid-week February. This decrease in the Phosphoric Acid price is primarily linked with the suppliers' correction in the price action with proper inventory management, which has marked a marginal correction in the price. However, the manufacturers witnessed a notable increase in production volume with positive downstream market demand from end-users.

In the Chinese market, domestic Phosphoric Acid prices experienced slight fluctuations, influenced by raw material trends and balanced market conditions. As of mid Feb the price of the Phosphoric Acid in the asian market majorly China witnessed a notable decline of 4.0% from past 2 weeks of Feb.

On the cost side, the decline in Phosphorus Yellow prices contributed to downward pressure on Phosphoric Acid. Market supply for phosphorus yellow remained loose, while downstream buyers showed weak purchasing interest, leading to low-price transactions. Given this trend, short-term phosphorus yellow prices are expected to stay weak. Meanwhile, the phosphate rock market-maintained stability, with balanced supply and demand, supporting the overall pricing of the Phosphoric Acid.

Supply and demand in the Phosphoric Acid market remained stable. While shipments proceeded smoothly, downstream buyers focused on restocking only for urgent needs, leading to moderate procurement activity. With supply levels steady and no major shifts in demand, the market is expected to maintain its equilibrium in the short term.

Phosphoric Acid prices may see slight downward pressure due to weak phosphorus yellow prices and cautious downstream procurement. However, stable phosphate rock prices and balanced supply-demand conditions should limit significant declines. With downstream buyers purchasing on demand, the market is expected to remain steady in the short term.

As per the ChemAnalyst anticipation, Phosphoric Acid prices are expected to remain stable in the short term, with narrow fluctuations. The decline in Phosphorus Yellow prices has limited cost support, but steady phosphate rock prices and balanced supply-demand conditions provide market stability. Demand remains primarily for urgent replenishment, preventing significant price movements. In the short term, prices are likely to consolidate within a stable range.