Poor demand, China yellow phosphorus market price down this week (Mar.11-Mar.18)

The price of yellow phosphorus from Yunnan province, Guizhou province was lowered this week. The average price of yellow phosphorus was 17633.33 CNY / ton last Thursday and 17333 CNY / ton this Thursday. 333 CNY / ton, and the price will be reduced by 1.7% within the week.

This week, the overall trend of domestic yellow phosphorus(white phosphorus) market is weak, the market demand is poor, and the transaction of new orders is limited. Traders are obviously in wait-and-see mood, and downstream purchasing is more cautious. Up to now, the mainstream price of yellow phosphorus in Yunnan province is about 17400 CNY / ton; the mainstream price in Sichuan province is about 17500 CNY / ton; the mainstream price in Guizhou province is about 17100 CNY / ton. The overall market trading atmosphere is general, traders take goods cautiously, wait-and-see sentiment is obvious, and the market price is slightly down. It is expected that the price of yellow phosphorus will be stable in the short term.