Market Wrap 2628
P4 keeps down, Sulfur & Urea fluctuates Yellow phosphorus: price kept declining last week. The avg. price fell from CNY26,463/t to CNY26,163/t. Entering rainy season, lower electricity power cost in southwest China lifted plant operation rate and boosted supply. Downstream phosphoric acid and glyphosate factories start summer maintenance, slashing rigid demand, while traders cut price to destock. Though sulfur high price offered cost support, yet loose supply-demand balance […]