Propylene prices fell slightly
Based on the date from ECHEMI, on Jan. 11, the average price from Chinese manufacturers is 4310CNY/MT for reference, remains stable basically within this week. As the upstream raw material, yellow phosphorus, the price of it will keep the low trend, has an effect on the cost of Phosphoric Acid; Further more, the demand power of downstream phosphate fertilizer is not enough, mostly take a wait-and- see attitude. Due to the pressure on business costs, it is forecast that the price trend of Phosphoric Acid will maintain a stable state.
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