SunSirs: The Price of Ammonium Biphosphate Decreased, and the Market of DAP Consolidated (May 1-8)

Price trend

According to the commodity market analysis system of SunSirs, the average price of 55% of domestic powdered ammonium biphosphate was 3,037 RMB/ton on May 1, and the average price of 55% of domestic powdered ammonium biphosphate was 2,937 RMB/ton on May 8. The market price of ammonium biphosphate fell 3.29% this week.

According to the commodity market analysis system of SunSirs, the average price of the domestic 64% DAP market was 3,893 RMB/ton on May 1, and the average price of the domestic 64% DAP market was 3,893 RMB/ton on May 8. The price of DAP market was stable this week.

Analysis review

This week, the price of ammonium biphosphate decreased, and the operating rate of manufacturers decreased. The prices of raw phosphate rock and sulfur had declined, and cost support was insufficient. In the off-season of demand, trading on the market was light. As of May 8th, the market price of 55 powdered ammonium biphosphate in Hubei region was around 2,750-2,850 RMB/ton, the market price of 55 powdered ammonium biphosphate in Sichuan region was around 2,750-3,000 RMB/ton, and the market price of 55 powdered ammonium biphosphate in Henan region was around 2,850-2,950 RMB/ton, mainly based on actual negotiations..

This week, the price of DAP remained stable, and the operating rate of manufacturers decreased. Raw material prices continued to weaken, and cost support weakened. The follow-up on downstream demand was insufficient, and the procurement was mainly on-demand. The supply of goods in the DAP market was tight, and the market was light, with weak consolidation. As of May 8th, the market price of 64% DAP in Hubei region was around 3,850-3,950 RMB/ton, the outbound price of 64% DAP in Shandong region was around 4,000 RMB/ton, and the outbound price of 57% DAP in Shandong region was around 3,300 RMB/ton. The actual transaction was negotiated.

In terms of raw material sulfur, the price of sulfur rose this week and then fell back. The sulfur manufacturer's equipment was operating normally, and the market supply was stable. The trading volume in the terminal industry was average, and downstream demand support was insufficient. Sulfur refinery shipments were temporarily stable, and there was a lack of positive news on the market. In the short term, the sulfur market is on the sidelines.

In terms of raw phosphate rock, the price of domestic phosphate rock market fell this week. Some phosphate ore manufacturers had suspended or reduced production, downstream demand was weakening, with small purchases being the main focus, and it is expected that the market will continue to be weak in the short term.

Market outlook

Analysts from SunSirs believe that the price of ammonium phosphate raw materials continued to weaken recently, and cost support was weak. Downstream demand was weak, with fewer new orders on the market. It is expected that the market price of ammonium phosphate will be weaker in the short term.

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