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The price of yellow phosphorus rebounded after experiencing a decline
According to reports, yellow phosphorus is in the middle of the phosphorus chemical industry chain, and downstream is used to prepare phosphoric acid, glyphosate, phosphorus trichloride, etc.
Prior to this, the downstream phosphoric acid prices also experienced a simultaneous callback, and they have stabilized recently, and phosphoric acid companies are in a wait-and-see state; while the downstream glyphosate prices are still strong and there has been no simultaneous callback
Prior to this, the prices of yellow phosphorus, phosphoric acid, and glyphosate all experienced substantial increases during the year, and the performance of listed companies in the related industry chain increased significantly
Tianfeng Securities believes that in the medium and long term, if normalized production is gradually restored in the future, the supply, demand and price of yellow phosphorus will be rebalanced