The most fundamental reason is the year-end rankings of public funds and other institutions.

The core raw material in the upstream of the phosphorus chemical industry chain is phosphate rock. Phosphate rock is mostly produced in sedimentary rocks, but also in metamorphic rocks and igneous rocks. Except for a few cases, phosphorus in minerals always exists in the form of orthophosphate. The main mineral of phosphorus

For apatite.

Phosphorus is an important chemical raw material and a necessary element for the growth of crops. Industrial phosphorus must be extracted from phosphate rock in large quantities and used to manufacture yellow phosphorus, red phosphorus, phosphoric acid, phosphate fertilizer, phosphate, etc.

In 2020, 63% of my country's phosphate rock was used for phosphate fertilizer production, 19% was used for phosphate, and 10% was used for yellow phosphorus.

From the perspective of application fields, phosphorus chemicals are used in planting, animal husbandry and new energy fields.

December 31, public funds, financial vocabulary, as opposed to "private equity funds".

Refers to a fund that publicly issues welfare coupons to unspecified investors.

Our country adopts a contractual organizational form.

Under the supervision of government authorities, there are restrictions on industry regulations such as information disclosure, profit distribution, and operating restrictions.

Public funds refer to securities investment funds that raise funds from public investors in a public manner and use securities as their main investment objects.

Public funds are recruited through mass media, and the promoters raise public funds to establish investment funds to invest in securities.

Under the strict supervision of the law, these funds have industry regulations such as information disclosure, profit distribution, and operating restrictions.