SunSirs: Poor Demand, Ammonium Phosphate Prices Continued to Decline (June 1-8)

https://www.chemnet.com   Jun 09,2023

　　According to the Commodity Market Analysis System of SunSirs, the average market price of 55% powdered ammonium biphosphate in China on June 1st was 2,687 RMB/ton. On June 8th, the average market price of 55% powdered ammonium biphosphate in China was 2,637 RMB/ton. This week, the market price of ammonium biphosphate was decreased by 1.86%.

　　According to the Commodity Market Analysis System of SunSirs, the average market price of 64% DAP in China on June 1st was 3,833 RMB/ton. On June 8th, the average market price of 64% DAP in China was 3,816 RMB/ton. This week, the market price of DAP was decreased by 0.43%.

　　Analysis review

　　The price of ammonium phosphate continued to decline this week. This week, the price of raw material phosphate rock remained stable, while the price of raw material sulfur increased, and cost support was still acceptable. Downstream demand remained sluggish, with fewer new orders traded in the market and prices continuing to decline. As of June 8th, the market price for 55% powdered ammonium biphosphate in Hubei region was around 2,500 RMB/ton, while the market price for 55% powdered ammonium biphosphate in Henan region was around 2,600 RMB/ton, and the actual price was mainly negotiated. The quotation for 64% DAP in Shandong region was around 3,780-3,850 RMB/ton, while the quotation for 57% DAP in Shandong region was around 2,700-3,300 RMB/ton. The actual transaction price was negotiated.

　　In terms of raw material sulfur, the domestic sulfur market was sorted up this week, with prices rising. The sulfur manufacturer's device was operating normally, and there was no pressure on market inventory. The manufacturer actively shipped, and downstream buyers followed up as needed. The shipment of northern refineries was smooth, with a slight increase in sulfur prices. On the market trading was mainly based on negotiation, and in the short term, the sulfur market will be sorted out on a wait-and-see basis

　　In terms of raw phosphate rock, the domestic phosphate rock market as a whole showed stable and consolidated operation this week. At the beginning of the month, the overall downstream demand for domestic phosphate rock did not change much, with average demand support. The overall supply side was slightly tight, and the supply side provided some support. The trading atmosphere in the phosphate rock field was light, and the mentality of the phosphate rock industry was average. The overall market remained stable and excessively operated. As of June 8th, the domestic market price of 30% grade phosphate rock was around 950-1,100 RMB/ton.

　　Market outlook

　　Analysts from SunSirs believe that the market trend of ammonium phosphate was weak recently, and demand had not increased yet. Downstream replenishment was mainly on demand and the market quotation was showing confusion. It is expected that the market price of ammonium phosphate will mainly continue to be sorted out weaker in the short term.

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