SunSirs: In May, the Rise of Ammonium Biphosphate Continued, while the Rise of DAP Remained Stable with Minor Fluctuations

https://www.chemnet.com   Jun 07,2024 SunSirs

Price trend

According to the commodity market analysis system of SunSirs, the reference average price of 55% powdered ammonium biphosphate on May 31st was 3,150 RMB/ton, which was higher than the reference average price of 55% powdered ammonium biphosphate of 2,853 RMB/ton on May 1st. The market price of ammonium biphosphate had increased by 10.40%.

According to the Commodity Market Analysis System of SunSirs, the reference average price of 64% DAP in the market was 3,883 RMB/ton on May 31, which was 0.34% lower than the reference average price of 3,896 RMB/ton on May 1.

Analysis review

This month, the price of ammonium biphosphate continued to rise due to favorable factors such as cost support, tight supply, and increased demand. This month, the demand for DAP had been flat, with the market stabilizing slightly and the export market improving.

Market quotation situation

As of May 31st, the market price of 55 powder ammonium biphosphate in Hubei region was around 3,150-3,200 RMB/ton, and the market price of 55 powder ammonium biphosphate in Henan region was around 3,250 RMB/ton, with actual negotiations being the main focus. The outbound price of 64% DAP in Shandong region was around 3,820-4,050 RMB/ton, and the outbound price of 57% DAP was around 3,470-3,550 RMB/ton. The actual transaction was negotiable.

In terms of cost

Market for raw material phosphate rock: The phosphate rock market in May showed a strong upward trend. The trading atmosphere inside the phosphate rock field was mild, and the supply and demand sides provided stable market support. In the short term, the domestic phosphate rock market will mainly operate in a stable and stronger manner. As of May 31st, the domestic market price for 30 grade phosphate rock was based on around 1,030-1,100 RMB/ton.

In terms of supply and demand

This month, the demand for ammonium biphosphate in the market had increased, and the supply on the market was tight, with market transaction prices continuously rising. Manufacturers often suspended or restricted orders, with a focus on early orders and a high volume of pending orders. The domestic demand for DAP was flat, and the market was operating steadily, with export orders as the main focus, while international demand was improving.

Market outlook

According to analysts from SunSirs, the cost support for ammonium phosphate was still ongoing, coupled with tight supply and rising international export prices, with a concentration of favorable factors. It is expected that the price of ammonium biphosphate will continue to rise in the short term, and DAP will operate steadily and positively.

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

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