Price trend

According to the monitoring of the commodity market analysis system of SunSirs, sodium hypophosphate had been operating steadily this month. As of May 24th, the mainstream price of sodium hypophosphate (2123, 99% content) in China was 14,733.33 RMB/ton, which was the same as last month. The mainstream price of sodium hypophosphate (2123102% content) was 20,533.33 RMB/ton, which was unchanged from the previous month.

Analysis review

Cost side:

According to the monitoring of the commodity market analysis system of SunSirs, the price of phosphorus yellow in the market had fluctuated this week. The average price of phosphorus yellow on Monday was 22,726.67 RMB/ton, and on Thursday it was 22,660 RMB/ton, with a price reduction of 0.29%. As of May 24th, the trading situation of phosphorus yellow on the market was still acceptable. The upstream phosphate rock market prices arre temporarily stable, and in the short term, the phosphorus yellow market is relatively stable and consolidating.

Market outlook

The upstream phosphorus yellow market remained stable with minor fluctuations, providing stable support for the sodium hypophosphate market. The main downstream flame retardants had orderly market transactions, and the industry was mainly wait-and-see. The market atmosphere was stable. The linkage effect of the product is that sodium hypophosphate runs smoothly. It is expected that the market for sodium hypophosphate will mainly stabilize in the near future.

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