SunSirs: Ammonium biphosphate and DAP prices continue to fall (4.20-4.26)

1. Price trend

According to SunSirs data, the average ex-factory price of powdered monoammonium was 2066 yuan / ton on April 1, and the average ex-factory price of powdered monoammonium was 2026 yuan / ton on April 26, and the price fell by 2.02%. The commodity index of monoammonium phosphate on April 26 was 67.78, a decrease of 0.42 points from yesterday, a decrease of 32.78% from the highest point in the cycle of 100.84 points (2011-09-13), and an increase from the lowest point of 62.09 points on September 19, 2017 9.16%. (Note: Period refers to 2011-09-01 to present)

According to the SunSirs data, the average factory price of 64% diammonium on April 1 was 2217 yuan / ton, and the average factory price of 64% diammonium on April 26 was 2207 yuan / ton, down 0.45%. The commodity index of diammonium phosphate on April 26 was 65.85, which was the same as yesterday, a decrease of 36.06% from the highest point in the cycle of 102.98 (2011-10-08) and an increase of 0.35% from the lowest point of 65.62 on March 04, 2020 . (Note: Period refers to 2011-09-01 to present)

2. Market analysis

Ammonium biphosphate: This week the monoammonium phosphate market is still sluggish, and demand is decreasing. The factory price of 55% powdered ammonium phosphate in Anhui was 1950-2050 yuan / ton, and the construction started smoothly. The factory price of 55% powdered ammonium phosphate in Hubei is about 1900-2000 yuan / ton, and the factory price of 60% powdered ammonium phosphate is 2150-2200 yuan / ton. The market in Henan has maintained stable operation. The factory price of 55% powdered ammonium phosphate was about 1950 yuan / ton, and the construction started steadily. The factory price of 55% powdered ammonium phosphate in Shandong was 1900-2000 yuan / ton, and the price was stable. The factory price of 55% powdered ammonium phosphate in Sichuan is about 2,000 yuan / ton.

DAP: This week, the diammonium phosphate market is weak, and the focus is gradually shifting to the export market. At present, the factory price of 64% diammonium in Hubei is 2150-2200 yuan / ton, the factory price of 64% diammonium in Shandong is 2200-2350 yuan / ton, the factory price of 64% diammonium in Yungui is 2300-2450 / ton, Anhui 64% diammonium mainstream ex-factory price in the region is 2200-2350 yuan / ton. The 64% diammonium mainstream ex-factory quoted price in Gansu is 2250-2400 yuan / ton.

Industry chain: The raw material sulfur market is unsatisfactory, the enthusiasm for downstream purchases is not high, the port stocks are high, and consumption is slow. With the end of spring farming fertilizers and the export of phosphate fertilizers is still unclear, the market is stalemate. At present, domestic supply and demand performance is stalemate, the downstream follow-up is insufficient, and the trading atmosphere in Sulphur is sluggish. The domestic phosphate rock market continued to operate steadily, the market remained stable and consolidated, and the market as a whole remained almost unchanged. The factory continued to focus on supplying old orders, and the increment of new orders remained small. At the end of spring cultivation, the demand for downstream compound fertilizer companies decreased.

Industry: According to SunSirs price monitoring, in the 16th week of 2020 (4.20-4.24), commodity prices in the chemical sector rose 14 month-on-month, of which there were 14 kinds of commodities that rose by more than 5%, accounting for 2 The number of commodities monitored was 2.2%; the top three commodities for the increase were acetone (10.26%), acetic acid (8.14%), and ethanol (3.33%). There were a total of 45 commodities that fell sequentially, and a total of 13 commodities that fell more than 5%, accounting for 14.6% of the monitored commodities in the sector; the top three products that fell were hydrochloric acid (-29.76%) and crude benzene (-17.03%) ), N-butanol (industrial grade) (-12.35%). This week's average increase or decrease was -1.76%.

3. Future market forecast

SunSirs analysts believe that the current ammonium phosphate raw materials are falling, cost support is insufficient, and new downstream orders are decreasing. Supported by unfavorable conditions, the price of monoammonium was weak, and the focus of transactions fell. Diammonium has shifted from domestic to export, and prices are still sluggish. It is expected that the downturn of monoammonium and diammonium will be difficult to change in the later period, and the market is still weakly organized.

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