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SunSirs: The Ammonium Phosphate Market Was in Light Operation in January (January 1-29)

January 30 2023 11:05:05     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the average market price of 55% powdered ammonium biphosphate was 3,537 RMB/ton on January 1, and the average market price of powdered ammonium biphosphate was 3,345 RMB/ton on January 29. The market price of ammonium biphosphate fell by 5.44% this month.

According to the monitoring data of SunSirs, the average market price of 64% DAP was 4,000 RMB/ton on January 1, and the average market price of 64% DAP was 4,010 RMB/ton on January 29. The market price of DAP rose 0.25% this month.

Analysis review

The price of ammonium biphosphate fell this month. This month, the market demand for ammonium biphosphate weakened, and the transaction atmosphere was not good. There were few new orders in the market, and the focus of market transactions had dropped. The manufacturers mainly delivered goods to the early orders. Downstream customers took goods according to demand, and purchase enthusiasm was not high. As of January 29, the market price of 55 powdery ammonium biphosphate in Hubei was about 3,300-3,350 RMB/ton, the factory price of 55 powdery ammonium biphosphate in Henan was about 3,300 RMB/ton, and the market price of 55 powdery ammonium biphosphate in Sichuan was about 3,250-3,350 RMB/ton, which is mainly based on actual negotiation.

The price of DAP fluctuated slightly this month, with high level consolidation operation mainly. Due to the shortage of supply in the market, the supply of DAP was relatively small, and the price of DAP had been strong. Most manufacturers suspended the receipt of orders and mainly delivered goods to the orders received in advance. As of January 29, the 64% market price of DAP in Hubei was about 3,880 RMB/ton, and the 64% market price of DAP in Shandong was about 4,000-4,150 RMB/ton, and the actual deal was negotiated.

The market of raw phosphate rock, the overall domestic phosphate rock market this month, remained stable at a high level. There was no significant fluctuation in the price of phosphate rock in the market, and the overall market was in consolidation operation at a high level. As of January 29, the domestic market price of 30% grade phosphate rock was around 1,030-1,080 RMB/ton, and the price of 28% grade phosphate rock was around 950-980 RMB/ton. The reference price of 32% grade phosphate rock was around 1,150-1,250 RMB/ton.

The domestic sulfur price fell this month. The sulfur market in East China was weaker, and the sulfur quotation was affected by the downstream demand. The sulfur manufacturer's unit operated normally, the market supply was stable, and the downstream demand was weak. The purchase in the market just was as required. The atmosphere of on-site trading was light, and the sulfur market is waiting and sorting in the short term.

Market outlook

According to the ammonium phosphate analyst of SunSirs, the current market of ammonium phosphate is light and the new orders are few. Downstream procurement is mainly a small amount, and most of them take a wait-and-see attitude. The manufacturers are basically supported by the amount of goods to be shipped. It is expected that the market situation of ammonium phosphate will be stable and sorted out in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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