Price trend

According to the monitoring of the commodity market analysis system of SunSirs, sodium hypophosphate operated steadily this month. As of April 25th, the mainstream price of sodium hypophosphate (2123) in China was 20,533.33 RMB/ton, which was unchanged from the previous month.

Cost side:

On April 25th, the benchmark price of phosphorus yellow in SunSirs was 23,593.33 RMB/ton, an increase of 4.12% compared to the beginning of this month (22,660.00 RMB/ton). The phosphorus yellow limit up in mid month was driven by stability.

Demand side:

The raw material sodium hypophosphate ran smoothly, with stable cost support. The main downstream flame retardants were stocked on demand before the holiday, and the market transactions were orderly. The industry was mainly wait-and-see, and the market atmosphere was stable. In April, the retail sales of the terminal new energy vehicle industry significantly increased, indicating a strong momentum in the new energy vehicle market. Multiple factors were driving the improvement of new energy vehicle product strength.

Market outlook

The upstream phosphorus yellow market was operating steadily, with the main downstream flame retardants and average market trading. The linkage effect of the product was that sodium hypophosphate ran smoothly. However, there are favorable factors for terminal new energy vehicles, and the industrial chain is clearly positive. The weak consolidation of the sodium hypophosphate market will be maintained.

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