Phosphorus: price edged up, the benchmark price rises to CNY22,346/t on Jul 4th, +0.70% MoM. Most deals are closed at about CNY22,200/t in Yunnan/Sichuan, CNY22,350-22,400/t in Guizhou. The supply-side holds firm, but market demand is weakened. P4 supply rises 5.98% (20.72kt) as hydropower boosted output, the demand side resists high offers. Market price may dip […]
Phosphorus: the avg. price slid to CNY22,000-22,200/t in Yunnan/Guizhou/Sichuan, down 1.3%-1.35% WoW due to weak demand and increased supply. The operation rate is still high in Yunnan (63.6%) and Guizhou (54.7%). Downstream buyers pressed for lower prices amid cautious sentiment, as demand is not strong. Besides, hydropower-driven electricity price cuts in Southwest China reduced the production cost (e.g., in
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:
Phosphorus: the yellow phosphorus market saw limited low-priced supply, with prices slightly increasing. Supply decreased by 1.99% compared to the previous week, with production at 20,160t (Jun.7-13) versus 20,570t (May.31-Jun.6). Demand was driven by downstream restocking needs, but buyers remained cautious due to high supply and low costs, anticipating a bearish market. Low inventory levels
Phosphorus: the market average price rises to CNY24,750/t(+550/t), soars to one year high. The increasing demand stimulated the P4 market to continue to hold prices steady. However, in the latter part of the week, the bidding results have continuous declines. Under the dual pressure of a slight weakening of futures prices and low spot price
