SunSirs: The Supply and Demand of Sodium Hypophosphate Were Wait-and-see, the Market Situation Was Running Sideways

https://www.chemnet.com   May 20,2024 SunSirs

　　According to the monitoring of the commodity market analysis system of SunSirs, the market for sodium hypophosphate had been running sideways this week. As of May 16th, the mainstream price of sodium hypophosphate (2123, 99% content) in China was 14,733.33 RMB/ton, which was unchanged from the previous month. The mainstream price of sodium hypophosphate (2123, 102% content) was 20,533.33 RMB/ton, which was unchanged from the previous month.

　　Analysis review

　　Cost side:

　　On May 16th, the price of yellow phosphorus in the market slightly declined. The benchmark price of yellow phosphorus in SunSirs was 22,760 RMB/ton, a decrease of 36 RMB/ton from last week, a decrease of 0.15%, and a decrease of 833 RMB/ton, a decrease of 3.67% from May 1st. As of May 16th, the trading situation in the yellow phosphorus market was average, and downstream inquiries were more active. Purchasing was mainly driven by price pressure. Currently, many manufacturers did not provide external quotations, and negotiations were the main focus. Overall, the transaction in the market was still acceptable.

　　Market outlook

　　The recent market trend of sodium phosphate had been sideways. From a cost perspective, the market price of raw material yellow phosphorus had slightly declined this week, indicating a bearish performance on the cost side. From the perspective of supply and demand, the main downstream flame retardants had average market trading volume.

　　The terminal new energy vehicle market had recently shown some fluctuations in April. In April's sales data, there was a slight decline in sales compared to the previous month. This phenomenon was mainly attributed to the instability of prices, which made many potential consumers appear more cautious and cautious in their car purchase decisions. Due to the slowdown in sales, enterprises were facing pressure from a backlog of finished product inventory. In response to this challenge, some automotive companies had begun to adjust their production control and raw material procurement strategies to optimize inventory and cost control.

　　The weakening of cost support combined with the impact of sluggish terminal demand, it is expected that the sodium hypophosphate will be consolidated to be weaker in the near future.

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