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SunSirs: Demand Was Improving, Ammonium Biphosphate and DAP Both Rose (August 9-15)

August 16 2021 14:27:15     SunSirs (John)

Price trend

According to the data of SunSirs’ bulk list, the average ex-factory price of powdered ammonium biphosphate on August 9 was 3,400 RMB/ton, and the average ex-factory price of powdered ammonium biphosphate was 3,600 RMB/ton on August 15. The price of ammonium biphosphate this week increased 5.88%.

According to the data from SunSirs’ bulk list, the average ex-factory price of 64% DAP was 3,526 RMB/ton on August 9 and the average ex-factory price of 64% DAP was 3,590 RMB/ton on August 15. The price of DAP this week increased 1.8%.

Analysis review

The price of ammonium biphosphate increased this week, and the operating rate of enterprises was about 70%, which was lower than that of last week. The price of ammonium biphosphate was still high, the price was supported by raw materials, and the downstream purchased on demand. Some enterprises stopped production for maintenance, and the demand for ammonium biphosphate weakened in the later period. The domestic ex-factory price of 55% powdered ammonium biphosphate was 3,500-3,600 RMB/ton, and the ex-factory price of 58% powdered ammonium biphosphate was about 3,800 RMB/ton.

The price of DAP rose this week, and the operating rate of enterprises was about 60%, which was an increase from last week. Enterprises had a large amount of ready-to-delivery, the supply of goods was tight, and the downstream demand was developing well. The mainstream ex-factory price of 64% DAP in Hubei area was 3,500-3,600 RMB/ton, and the mainstream ex-factory price of 64% DAP in North China was about 3,600-3,700 RMB/ton.

This week, the domestic market for raw phosphate rock continued to operate at a high level and steadily. The current market operating rate in Guizhou is relatively low, and the supply of phosphate rock is tight. It is heard that mining companies still have a slight increase in intention in the later period. The current price direction is mostly wait-and-see.

Market outlook

The ammonium phosphate analyst of SunSirs believes that the current market situation of ammonium phosphate is good, and the price is always high when the price of raw materials is stable. The cost is favorable and the supply is tight. At present, the demand for ammonium biphosphate is weakening, and the demand for DAP continues to improve. It is expected that ammonium biphosphate will be adjusted within a narrow range in the short term, and DAP may continue to rise.

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