Yellow Phosphorus Prices | Chart, News, Forecast Data
In Q4 2023, Yellow Phosphorus Prices in Japan hit $3975/MT. Despite a 1.73%-yen appreciation, fewer foreign inquiries, and reduced demand, the market saw overall growth.Report Offering:
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Last Quarter - Key Highlights of Yellow Phosphorus Price Trend
The critical role of yellow phosphorus in the production of phosphoric acid and phosphorus-based chemicals, which are essential in various industries, including agriculture, electronics, and pharmaceuticals, is bolstering market growth. The increasing demand for fertilizers due to the growing population and the need for higher agricultural productivity is strengthening the market growth. Additionally, the rising improvements in production technologies are enhancing the efficiency and output of yellow phosphorus, making it more accessible and cost-effective for various industries. Besides this, the increasing integration of yellow phosphorus in advanced technologies, such as light-emitting diode (LED) lights and lithium-ion (Li-ion) batteries, is contributing to the market growth. In addition, the growing improvements in logistics and supply chain management are enhancing the efficiency and reliability of yellow phosphorus delivery.
Last Quarter Yellow Phosphorus Prices Analysis
United States Region
In the fourth quarter of 2023, the yellow phosphorus market in the USA experienced mixed sentiments. Prices initially declined due to reduced demand from downstream industries and inventory build-up. This was further impacted by a contraction in industrial activities, reflected in a lower manufacturing PMI. However, the fertilizer industry showed robust demand owing to consistent purchasing activity and improved market sentiments. In North America, prices saw a marginal increase driven by strong fertilizer industry demand and improved industrial activities. Additionally, demand from other downstream markets, including the phosphorus trichloride market, remained stable. Overall, the market exhibited a mixed trend influenced by varying demand and industrial activity levels.
Asia Pacific Region
In Q4 of 2023, the yellow phosphorus market in the Asia Pacific experienced a bullish trend. Prices increased due to higher-priced imports and improved demand across the Asian market. Steady demand came from downstream industries, such as fertilizers, fireworks, and rodenticides, with a notable uptick in market transactions as consumers stocked up ahead of the sowing season. In Japan, prices rose due to a combination of currency appreciation and increased local demand. However, the overall market fundamentals turned bearish towards the end of the quarter, with reduced overseas inquiries and lower demand from the phosphoric acid manufacturing and agriculture sectors.
Europe Region
In the fourth quarter of 2023, the European yellow phosphorus market faced mixed conditions. Demand was strong due to increased inquiries from fertilizer manufacturers and steady imports. However, a decline in the manufacturing aspects of the Eurozone led to a bearish market. Supply was moderate, supported by higher import rates and consumer market offtakes, but production costs rose due to expensive gas and raw materials. In Belgium, prices increased initially with improved demand but declined in December as demand weakened. High inventories and destocking activities further affected the market, with many manufacturers reducing or temporarily halting operations due to year-end holidays and decreased industrial activity.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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