Price trend

According to the monitoring data of SunSirs, the average market price of 55% powdered ammonium biphosphate in China was 3,537 RMB/ton on January 1, and 3,450 RMB/ton on January 5. The market price of ammonium biphosphate in China fell 2.47% this week.

According to the monitoring data of SunSirs, the average price of 64% of the domestic DAP market was 4,000 RMB/ton on January 1, and the average price of 64% of the domestic DAP market was 4,000 RMB/ton on January 5. The market price of DAP was stable this week.

Analysis review

The price trend of ammonium biphosphate fell this week. The market demand was weakening, and the transaction atmosphere was not good. Downstream customers pruchased goods on demand, and their purchasing enthusiasm was not high. The price of DAP was stable this week. The price of DAP was firm due to tight market supply and low supply. Most manufacturers suspended receipt of orders, mainly supplied advanced orders. As of January 5, the ex factory quotation of 55% powdered ammonium biphosphate in Hubei was about 3,350-3,450 RMB/ton, that of 55% powdered ammonium biphosphate in Sichuan was about 3,350 RMB/ton, and that of 55% powdered ammonium biphosphate in Henan was about 3,300 RMB/ton, mainly based on actual negotiation. The 64% DAP market in Shandong Province quoted 4,000-4,150 RMB/ton, and the 64% DAP in Yunnan Province quoted 4,000 RMB/ton when arriving in North China. The actual transaction was negotiated.

In terms of raw sulfur, the price of sulfur in East China was adjusted narrowly this week. On January 5, the average price of sulfur in East China was 1,280 RMB/ton. The sulfur quotation of refinery enterprises in Shandong was adjusted, and the mainstream price of solid sulfur was about 1,200-1,340 RMB/ton; The mainstream price of liquid sulfur was 1,260-1,300 RMB/ton. The quotation is for reference only, and the actual transaction price shall prevail. After the festival, there was replenishment operation in the downstream. The sulfur plant operated normally, and the shipment was smooth. The market transaction center was slightly raised. The sulfur market is waiting and consolidated in the short term.

In terms of raw phosphate rock, the domestic phosphate rock market continued to stabilize this week. As the Spring Festival approaching, some domestic mining enterprises stopped mining. The downstream demand for phosphate rock was stable, the shipment rhythm was normal, and the supply side was still tight as a whole. The supply and demand information had not changed much. Some mining enterprises mainly pre receive orders after the Spring Festival, and the trading atmosphere in the phosphate rock market was mild.

Market outlook

Ammonium phosphate analysts from SunSirs believe that the operating rate of ammonium phosphate was low and the market demand was weak. The new orders of ammonium biphosphate decreased, and the market transaction center fell back. The supply of DAP in the market was tight, and the price was stable. As the demand side is weak, ammonium phosphate is expected to operate to be weaker in the short term.

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