Chinese Yellow Phosphorus price rises rapidly

The price of Yellow Phosphorus rose sharply last week. The average price of Yellow Phosphorus was 18666.67 CNY / ton on May.21 and 25000 CNY / ton last Friday. The price rose by 32.51% within one week.

In late of May, the price of Yellow Phosphorus rose rapidly. Affected by drought, lack of water and power restriction in Yunnan province, the capacity utilization rate of Yellow Phosphorus manufacturers in some areas was less than 20%! Recently, power rationing has not been alleviated, but has become more and more serious. All Yellow Phosphorus plants in Yunnan are temporarily shut down before June, and the specific start-up time is not yet determined. At present, the supply of yellow phosphorus market is further shrinking, which may continue to push up the price of yellow phosphorus.

In May, the Phosphoric Acid market was relatively stable in the first half of the month, and the next half of the month fluctuated narrowly. Near the end of the month, the Phosphoric Acid market rose rapidly and rushed to a high level. The price is expected to rise in the short term. Glyphosate prices continued to rise, the acceptance of high price yellow phosphorus was acceptable, which played a certain role in boosting the price of yellow phosphorus.

It is expected that the price of Yellow Phosphorus will continue to rise in the short term.