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Hua'an Securities says high prosperity in phosphorus resources will continue as new energy and energy storage demand grows. It sees yellow phosphorus values re-rating.
Stronger demand from battery and energy storage sectors can tighten phosphorus chemical supply, indirectly supporting phosphate and raw material prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.