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SunSirs: Can Ammonium Biphosphate Still Increase After Exceeding 10% ?
March 24 2020 11:30:44SunSirs(John)

Price trend

Recently, ammonium biphosphate has been rising for several days, with an increase of more than 10%, and it has risen by 7.02% this month. As of now, the commodity index of ammonium biphosphate on March 22 was 71.41, which was the same as the previous day, down 29.18% from the highest point of the cycle at 100.84 points (2011-09-13) and up 15.01% from the lowest point of September 19, 2017 at 62.09. (Note: Period refers to 2011-09-01 to now)

 

Analysis review   

Product: The operating rate of enterprises has increased sharply, and enterprises in Hubei have already started. At present, the ex-factory price of 55% powdered ammonium in Hubei is 1,950-2,100 RMB/ton, and the ex-factory price of 60% powdered ammonium is 2,150-2,250 RMB/ton. The market in Henan region maintains stable operation. The ex-factory price of 55% powdered ammonium is 1,950-2,100 RMB/ton, and the ex-factory price of 58% powdered ammonium is 2,050-2,150 RMB/ton. 55% of the powdered ammonium powder in Shandong is priced at 1,950-2,100 RMB/ton, and the price is stable. 55% powdered ammonium in Sichuan is priced at 1,850-2,100 RMB/ton.

Industrial chain: The sulfur market has risen sharply recently. Hubei phosphate fertilizer manufacturers have started one after another, the supply of phosphate fertilizer has increased, and the spring demand for fertilizer has improved the demand for sulfur, which has effectively boosted the overall confidence of the market. The enthusiasm for downstream purchases has weakened and mostly based on demand. Buyers and sellers intend to keep the difference, and the market trading is mostly stalemate. Except for individual refineries that stabilize prices, other regional refineries have raised their quotations based on their own shipments. This week, the phosphate rock market fluctuated slightly, and the overall stable operation was the mainstay. At present, the construction of the phosphate rock market in Guizhou has basically resumed. However, the operating rate of production enterprises is not high, and production at low and medium loads is mainly for self-use.

Industry: According to the price monitoring of SunSirs, in the 11th week of 2020 (3.16-3.20), there were 15 kinds of commodities rising month by month in the chemical sector of the list of commodity prices, among which there were 3 kinds of commodities rising by more than 5%, accounting for 3.4% of the number of commodities monitored in the sector; the top three commodities were isopropanol (26.40%), acetic anhydride (6.37%) and dichloromethane (5.38%). There were 39 kinds of commodities falling on a month on month basis, 14 kinds of commodities falling by more than 5%, accounting for 16.1% of the number of commodities monitored in the sector; the top three products falling were pure benzene (- 17.60%), chloroform (- 15.79%), crude benzene (- 14.52%). This week's average increase or decrease was -1.62%.

 

Market outlook

SunSirs analysts believe that the price of ammonium biphosphate has reached its peak, and the raw materials have risen sharply and gradually stabilized. Demand for downstream compound fertilizers has decreased from last week. It is expected that the price of ammonium biphosphate will be stable in the later period, and the possibility of rising again is low or gradually falling. It is recommended to pay attention to changes in raw materials and demand.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

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