Market Wrap 2525
Phosphorus: the yellow phosphorus price fell to CNY22,200-22,400/t (EXW cost with payment term of acceptance bill) in Yunnan/Guizhou/Sichuan, about 1.3% lower in the week. Weak demand and rising supply (weekly output is 19kt, +0.4%) drove the decline. Prices may further dip amid weak negotiations. High supply and cautious downstream purchasing intensify downward pressure. Key factors: […]