SunSirs: Sufficient Orders for Ammonium Biphosphate, Poor Demand for DAP (July 14-20)

Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of 55% powdered ammonium biphosphate in China on July 14th was 2,583 RMB/ton. On July 20th, the average market price of 55% powdered ammonium biphosphate in China was 2,583 RMB/ton. This week, the market price of ammonium biphosphate remained stable.

According to the Commodity Market Analysis System of SunSirs, the average market price of 64% DAP in China on July 14th was 3,712 RMB/ton. On July 20th, the average market price of 64% DAP in China was 3,687 RMB/ton. This week, the market price of DAP decreased by 0.67%.

Analysis review

Ammonium biphosphate prices remained stable this week, while DAP prices slightly decreased. This week, the market for raw material phosphate rock weakened, prices fell, and cost support weakened. Ammonium biphosphate mainly issued preliminary orders, while downstream procurement was cautious, and the market transactions were limited. The trading atmosphere in the DAP market was poor, with prices adjusting downward in a narrow range. As of July 20th, the market price of 55 powdered ammonium biphosphate in Hubei region was around 2,450-2,500 RMB/ton, while the market price of 55 powdered ammonium biphosphate in Shandong region was around 2,550-2,600 RMB/ton, the actual transaction was mainly through negotiation.. The quotation for 64% DAP in Shandong region was around 3,550-3,650 RMB/ton, while the quotation for 57% DAp in Shandong region was around 2,700-2,800 RMB/ton. The actual transaction was mainly negotiated.

In terms of raw phosphate rock, the domestic phosphate rock market as a whole showed a weak decline this week. As of July 20th, the reference average market price for 30% grade phosphate rock in China was 902 RMB/ton.

Market outlook

Analysts from SunSirs believe that the demand for ammonium phosphate in the market was weak recently, and overall transactions were weak. Downstream replenished mainly on demand. Orders for ammonium biphosphate were relatively abundant, while demand for DAP was weak. It is expected that the ammonium phosphate market will remain stagnant in the short term, with consolidation and operation being the main focus.

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