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SunSirs: Ammonium Biphosphate Is Temporarily Stable and DAP Starts to Rise (August 1-20)

August 21 2020 14:45:54     SunSirs (John)

Price trend

According to the data of SunSirs’ bulk list, the average ex-factory price of powdered ammonium biphosphate was 1,900 RMB/ton on August 1, and the average ex-factory price of powdered ammonium biphosphate was 1,900 RMB/ton on August 20, and the price remained stable.

According to the data of SunSirs’ bulk list, the average ex-factory price of 64% DAP was 2,202 RMB/ton on August 1, and the average ex-factory price of 64% DAP was 2,218 RMB/ton on August 20, a price increase of 0.76%.

Analysis review

The price of ammonium biphosphate was stable in mid-to-early August, and the operating rate of enterprises was about 76%. The ex-factory price of 55% powdered ammonium biphosphate in Anhui area was 1,900-1,950 RMB/ton, and the construction started smoothly. The ex-factory price of 55% powdered ammonium biphosphate in Hubei was around 1,900-1,950 RMB/ton, and the mainstream ex-factory price of 60% powdered ammonium biphosphate was 2,050-2,150 RMB/ton. The market in Henan has maintained stable operation, and the ex-factory price of 55% powdered ammonium biphosphate was about 1,900 RMB/ton, and the start of construction was stable. The ex-factory price of 55% of powdered ammonium biphosphate in Shandong area was 1,850-1,950 RMB/ton, and the price was stable. The ex-factory price of 55% powdered ammonium biphosphate in Sichuan was around 1,950 RMB/ton.

The price of DAP rose slightly in mid-to-early August, and the operating rate of enterprises was about 60%. At present, the mainstream factory price of 64% DAP in Hubei area was 2,200-2,300 RMB/ton, the mainstream factory price of 64% DAP in Shandong area was 2,200-2,250 RMB/ton, and the mainstream factory price of 64% DAP in Yunnan and Guizhou area was 2,300-2,450 RMB/ton. The mainstream ex-factory price of 64% DAP in Anhui was 2,200-2,350 RMB/ton. The mainstream ex-factory price of 64% DAP in Gansu was 2,250-2,350 RMB/ton. The price of 64% DAP in Heilongjiang was around 2,450 RMB/ton.

At present, sulfur stocks in domestic refineries are low, and the supply of liquid sulfur is tight. Given the performance of supply and demand, the market has been supported. Most of the domestic sulphur companies' quotations have risen, and the sulphur market prices have been firm. Under the support of the domestic market, the late market may go up. The downstream compound fertilizer is mainly purchased on demand, and the market is stable.

Market outlook

The ammonium phosphate analyst of SunSirs believes that due to the weak downstream demand, the current ammonium biphosphate market is weak and the price has not changed significantly. Demand for DAP increases at home and abroad, and the markets gradually improve and begin to rise slightly. It is expected that ammonium biphosphate will remain stable in the short term, while DAP still has room for growth.

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