March 11th news: Recently, the 300,000-ton/year wet-process phosphoric acid project of Hubei Huiyang New Materials Co., Ltd., undertaken by the Central South Company of China National Chemical Engineering Fourth Construction Co., Ltd., was successfully handed over. Chempricehub analysis of phosphoric acid, long-short score: -1. The successful handover of the project marks the imminent commissioning of the 300,000-ton/year wet-process phosphoric acid production capacity, with an expected increase in supply. This will lead to a looser supply-demand balance in the spot market for phosphoric acid, putting downward pressure on prices. The new capacity may intensify market competition and limit the upside potential of spot prices, representing a generally bearish impact.