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Phosphoric Acid prices in the United States, the highest-cost reporting region, rose 5.8% in Q2 2026 to USD 1,010.00/MT from USD 955.00/MT in Q1, as elevated sulfur and sulfuric acid feedstock costs continued feeding through to phosphate processing economics. Globally, the average rose from USD 875.00/MT in Q1 to USD 926.00/MT in Q2, a 5.8% gain. For H2 2026, a global average of USD 880.00-960.00/MT is expected, with the sulfur cost environment likely to keep this market firm even as phosphate rock supply stays broadly adequate.
Phosphoric Acid is produced either by treating phosphate rock with sulfuric acid in the wet process, the dominant commercial route, or through a smaller-volume thermal process for high-purity food and electronic grades. It serves as the essential intermediate for phosphate fertilizers, which consume the large majority of global output, alongside significant use in food and beverage additives, animal feed supplements, detergents, and water treatment chemicals. Phosphate rock availability, sulfuric acid and sulfur feedstock costs, which have been under sustained pressure across the broader chemical complex, and fertilizer-linked agricultural demand are what drive prices in this market.
The outlook for Phosphoric Acid through H2 2026 stays firm, largely tracking the elevated sulfur and sulfuric acid cost environment that has pressured the broader phosphate fertilizer complex this year. Steady agricultural demand for phosphate fertilizers should keep consumption firm, while phosphate rock supply, though broadly adequate, offers only limited room to offset rising feedstock costs.
The main upside risk is a further tightening in sulfur or sulfuric acid availability, which would push phosphoric acid production costs higher in tandem, much as it has through the first half of 2026. The main downside risk is an easing of sulfur feedstock costs combined with softer fertilizer demand heading into a seasonal lull, which would relieve some of the current cost pressure.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 880.00 - 960.00 | Sulfur feedstock costs keep the broader market firm |
| United States | 970.00 - 1,060.00 | Sulfuric acid cost pass-through sustains the highest cost |
| Morocco | 890.00 - 970.00 | Largest producer, closely tracks global feedstock costs |
| India | 910.00 - 990.00 | Strong fertilizer demand supports continued firming |
| China | 810.00 - 880.00 | Lowest cost given substantial domestic rock and acid capacity |
US Phosphoric Acid prices averaged USD 1,010.00/MT in Q2 2026, the highest of any region tracked here, up 5.8% from USD 955.00/MT in Q1, as sulfuric acid feedstock costs remained elevated through the quarter.
Why did the price of Phosphoric Acid change in Q2 2026 in the United States?
Sulfuric acid feedstock costs, themselves under pressure from a sustained global sulfur supply crunch, continued feeding directly through to wet-process phosphoric acid production economics, keeping US offers at the top of the range tracked in this report.
Moroccan prices, the world's largest producer and export benchmark, averaged USD 935.00/MT in Q2 2026, up 6.2% from USD 880.00/MT in Q1, tracking the same sulfur cost pressures affecting the broader global market.
Why did the price of Phosphoric Acid change in Q2 2026 in Morocco?
As the dominant global producer via the wet process, Moroccan output remained fully exposed to rising sulfuric acid feedstock costs, and steady export demand from fertilizer manufacturers worldwide gave producers little reason to hold prices back.
Indian prices averaged USD 950.00/MT in Q2 2026, up 5.6% from USD 900.00/MT in Q1, as strong domestic fertilizer demand kept this market firm even amid rising input costs.
Why did the price of Phosphoric Acid change in Q2 2026 in India?
Robust demand from domestic fertilizer manufacturers ahead of the growing season kept Indian phosphoric acid buyers active even as sulfur-linked feedstock costs pushed producer offers steadily higher through the quarter.
Chinese prices averaged USD 845.00/MT in Q2 2026, the lowest of the four regions, up 5.6% from USD 800.00/MT in Q1, as substantial domestic phosphate rock and sulfuric acid capacity limited the pace of the increase relative to import-dependent markets.
Why did the price of Phosphoric Acid change in Q2 2026 in China?
Substantial domestic phosphate rock reserves and sulfuric acid production capacity gave Chinese producers more room to absorb rising feedstock costs internally, keeping the pace of increase more moderate than in import-dependent markets.
US prices rose 6.1% in Q1 2026 to USD 955.00/MT from USD 900.00/MT in Q4 2025, as the sulfur feedstock cost pressure that had been building through 2025 intensified further into the new year.
Why did the price of Phosphoric Acid change in Q1 2026 in the United States?
A sustained global sulfur supply crunch, tied to reduced Central Asian exports and elevated Gulf shipping risk, kept sulfuric acid costs firm across the wet-process phosphoric acid value chain, and that cost pressure flowed directly into higher US offers.
Moroccan prices rose 6.0% in Q1 2026 to USD 880.00/MT from USD 830.00/MT in Q4 2025, tracking rising sulfuric acid costs across the wet-process value chain.
Why did the price of Phosphoric Acid change in Q1 2026 in Morocco?
Rising sulfuric acid feedstock costs, mirroring the pressure seen across the broader global sulfur market, pushed Moroccan production economics higher even as phosphate rock supply itself remained broadly adequate.
Indian prices rose 5.9% in Q1 2026 to USD 900.00/MT from USD 850.00/MT in Q4 2025, as fertilizer manufacturers continued securing supply ahead of the planting season.
Why did the price of Phosphoric Acid change in Q1 2026 in India?
Strong pre-season fertilizer procurement kept Indian phosphoric acid demand firm, and producers passed through rising sulfur-linked feedstock costs as global sulfuric acid availability tightened.
Chinese prices rose 5.3% in Q1 2026 to USD 800.00/MT from USD 760.00/MT in Q4 2025, a comparatively more moderate gain reflecting China's greater domestic feedstock self-sufficiency.
Why did the price of Phosphoric Acid change in Q1 2026 in China?
Domestic phosphate rock and sulfuric acid capacity continued to buffer Chinese producers somewhat from the sharpest feedstock cost pressures affecting the rest of the global market, keeping the pace of increase measured.
Global Phosphoric Acid prices dipped modestly in Q2 2025 before climbing steadily and consistently through every subsequent quarter, with the pace of gains accelerating through the first half of 2026 as a sustained global sulfur and sulfuric acid feedstock cost crunch pushed wet-process production economics higher across every region covered in this report.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q2 2026 | 926.00 | +5.8% | ↑ Rising |
| Q1 2026 | 875.00 | +5.8% | ↑ Rising |
| Q4 2025 | 827.00 | +4.2% | ↑ Rising |
| Q3 2025 | 793.50 | +3.7% | ↑ Rising |
| Q2 2025 | 765.00 | - | — Stable |
| Q3 2026 | In Progress | - | — In Progress |
Phosphoric Acid firmed steadily and consistently across every market covered in this report through 2025, as sulfuric acid and sulfur feedstock costs gradually tightened and fertilizer-linked demand held firm, setting the stage for the further acceleration that continued into 2026.
US prices firmed from about USD 850.00/MT in Q1 2025 to USD 900.00/MT by Q4, a gain of roughly 5.9%. Rising sulfuric acid feedstock costs built steadily through the year, ahead of the sharper 2026 acceleration.
Moroccan prices firmed from about USD 780.00/MT in Q1 2025 to USD 830.00/MT by Q4, up roughly 6.4%, the strongest annual gain of the four regions as the world's largest producer felt the full weight of rising sulfuric acid costs.
Indian prices firmed from about USD 800.00/MT in Q1 2025 to USD 850.00/MT by Q4, a gain of roughly 6.2%, supported by steady fertilizer sector demand through the year.
Chinese prices firmed from about USD 720.00/MT in Q1 2025 to USD 760.00/MT by Q4, up roughly 5.6%, the smallest annual gain among the four regions given greater domestic feedstock self-sufficiency.
Expert Market Research: Your Source for Real-Time Phosphoric Acid Price Intelligence
Expert Market Research tracks Phosphoric Acid prices continuously across every major producing and consuming region, combining phosphate rock and sulfuric acid feedstock cost data, agricultural demand signals, and fertilizer sector trends into a single, regularly updated view of the market. Our team can help your procurement function benchmark current offers, plan purchases around the sulfur-driven cost trends covered in this report, and build a defensible view of where this essential fertilizer intermediate is headed next. Reach out to our team for a tailored briefing or a deeper look at any of the regional markets covered here.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
It serves as the essential intermediate for phosphate fertilizers, which consume the large majority of global output, alongside significant use in food and beverage additives, animal feed supplements, detergents, and water treatment chemicals.
The Q2 2026 global average was USD 926.00/MT, ranging from USD 845.00/MT in China to USD 1,010.00/MT in the United States.
The global average rose from USD 827.00/MT in Q4 2025 to USD 875.00/MT in Q1 2026 and then to USD 926.00/MT in Q2, as sulfur and sulfuric acid feedstock costs continued climbing.
A sustained global sulfur supply crunch, tied to reduced Central Asian exports and elevated Gulf shipping risk, has kept sulfuric acid feedstock costs firm across the wet-process production value chain, and that pressure has flowed directly into phosphoric acid prices.
The global average is expected in the USD 880.00-960.00/MT range, with the sulfur cost environment likely to keep this market firm.
China holds the lowest cost given substantial domestic phosphate rock and sulfuric acid capacity, while the United States carries the highest cost among the regions tracked here.
This report is updated monthly. For real-time pricing intelligence, connect with the Expert Market Research team.
Phosphate rock availability, sulfuric acid and sulfur feedstock costs, and fertilizer-linked agricultural demand.
Morocco is the world's largest producer given its extensive phosphate rock reserves, with China, the United States, and India also maintaining substantial production capacity.
Buyers can monitor sulfur and sulfuric acid feedstock cost trends given their outsized influence on this market, time forward purchases around the quarterly breakdowns in this report, and benchmark supplier quotes against the tracked price ranges.
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