Market Wrap 2531
Phosphorus: The yellow phosphorus market has a downtrend performance in July as the downstream demand is sluggish while supply is sufficient. The avg. weekly output rose to 20,510t (operating rate 68.37%), pressing prices lower. By month-end, P4 prices fell to CNY22,300-22,400/t in Yunnan & Sichuan. Demand would remain subdued in Aug. ①Hydro-power cost is still […]