Frbiz Reports Phosphate Rock and Yellow Phosphorus Prices Continue to Rise

December 10, 2009

BEIJING, Dec. 10 /PRNewswire-Asia/ — Frbiz.com, one of China’s leading
B2B search platforms with more than 30 B2B industry websites to its name,
reports phosphate rock and yellow phosphorus prices continue to rise.

The price for phosphate rock, yellow phosphorus, phosphoric acid and other
phosphorus chemical products, recently rise. Frbiz’s analyst believes that the
phosphorus chemical products rise in prices was mainly due to the dual factors
of demand and cost.

Frbiz’s data show that last week, yellow phosphorus prices were up to
14,000-14,500 RMB/ton from 11,000 RMB/ton. Frbiz’s analyst reports that
phosphorus price increases are mainly due to a rise in sulphur prices. Sulphur
and phosphorus are the raw material for production of phosphoric acid, but the
processes are different, so the prices can affect each other.

Analysts said that after a month’s time, yellow phosphorus price have
risen significantly, and there is a need for adjustments. The current
operating rate of the yellow phosphorus industry is less than 50% of capacity,
so dealers are hoarding goods. It is expected that yellow phosphorus prices
will continue to increase slightly, but after the mid-late December, dealers
will cash in reserves, so the continued rise is unlikely to be large.

Constrained by demand, yellow phosphorus’s downstream phosphoric acid rise
in price is relatively moderate. The latest price is 4600-4700 RMB/ton, while
in mid-November, the price was 4,300-4,400 RMB/ton. Analysts report that the
upstream phosphate rock and phosphorus price increase situation has not yet
spread to downstream. It is expected that in a short time, phosphoric acid
(http://frbiz.com/catalog/22000000/minerals_metallurgy.html ) prices will
remain stable.

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SOURCE Frbiz.com

Source: newswire

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