Product name: Phosphorus yellow
Latest price on August 22nd: 25,100 RMB/ton
Analysis review
On August 22nd, the domestic phosphorus yellow market price rose. The production of phosphorus yellow in enterprises was relatively stable, and the on-site inventory was relatively tight. As of August 22nd, market confidence was good, and manufacturers had a strong reluctance to sell. They mainly delivered preliminary orders and did not provide external quotations. The actual orders was based on negotiation. Downstream restocking was just in needed, and the center of the transaction price for new orders in the market had shifted upwards.
Market outlook
It is expected that the price of phosphorus yellow will be stronger in the short term, and it still need to pay attentions to changes in the news.
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