Price trend

According to the monitoring of the commodity market analysis system of SunSirs, sodium hypophosphate operated steadily this week. As of April 18th, the mainstream price of sodium hypophosphate (2123) in China was 20,533.33 RMB/ton, which remained unchanged from last week.

Cost side:

On April 18th, the benchmark price of phosphorus yellow in SunSirs was 23,593.33 RMB/ton, an increase of 4.12% compared to the beginning of this month (22,660.00 RMB/ton). As of April 18th, the market situation was upward, and downstream glyphosate prices were rising, which was beneficial for the phosphorus yellow market.

Demand side:

The downstream market was showing a weak situation, but the overall situation was not as good as in previous years, with no improvement in usage, poor purchasing willingness, and difficulty in increasing volume. Enterprises were selling at a discounted price. The bearish demand side affected the sodium hypophosphate market.

Market outlook

Recently, the supply of sodium hypophosphate had been relatively sufficient, and market trading had fallen into a stalemate, coupled with increased inventory pressure. The market was gradually showing a state of price without market, and spot prices remained stable. Supported by the favorable impact of raw material phosphorus yellow prices, it is expected that the market for sodium hypophosphate may fluctuate upwards in the short term.

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