SunSirs: Demand Was Low and the Ammonium Phosphate Market Was Weakly Downward (April 1-8)

Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of 55% powdered ammonium biphosphate in China was 3,096 RMB/ton on April 1st, and 3,016 RMB/ton on April 8th. This week, the market price of 55% powdered ammonium biphosphate dropped by 2.58%.

According to the Commodity Market Analysis System of SunSirs, the average market price of 64% DAP in China was 3,976 RMB/ton on April 1st, and 3,940 RMB/ton on April 8th. This week, the market price of DAP decreased by 1.17%.

Analysis review

The market trend of ammonium phosphate had declined this week. The raw material market was strong, and there was still support on the cost side. The demand side continued to be sluggish, the market trading atmosphere was weak, downstream purchases were made on demand, and new orders were not sold enough. As of April 8th, the market price of 55 powder ammonium biphosphate in Hubei region was around 2,900-3,000 RMB/ton, and the factory price of 55 powder ammonium biphosphate in Henan region was around 3,000-,3050 RMB/ton, with actual negotiations being the main focus. The outbound price of 64% DAP in Shandong region was around 3,900-4,100 RMB/ton, and the outbound price of 57% DAP was around 3,560-3,660 RMB/ton. The actual transaction was negotiable.

In terms of raw material phosphate rock: The phosphate rock market had been operating steadily this week. As of April 8th, the overall trading volume in the domestic phosphate rock market was light, and downstream new orders for phosphate rock were mainly for rigid demand procurement, with the market waiting for demand to be released. As of April 8th, the reference price for domestic phosphate rock market was around 1,062 RMB/ton.

Market outlook

According to analysts from SunSirs, the ammonium phosphate market had recently seen a downward trend. As of April 8th, although there was support on the cost side, downstream demand was not performing well, and the short-term market situation is difficult to improve. It is expected that the market price of ammonium phosphate will be mainly weaker in the short term.

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