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SunSirs: The Market for Ammonium Biphosphate Continued to Fall, and the Market for DAP Was Dominated

Increase font size  Decrease font size Date:2021-12-07   Views:37

  Price trend提交According to the data from SunSirs’bulk list, the average ex-factory price of 55% powdered ammonium biphosphate was 3,266 RMB/ton on November 29, and the average ex-factory price of 55% powdered ammonium biphosphate was 3,183 RMB/ton on December 3. The price of ammonium biphosphate fell by 2.55%.提交According to the data of SunSirs’bulk list, the average ex-factory price of 64% DAP was 3,590 RMB/ton on November 29, and the average ex-factory price of 64% DAP was 3,600 RMB/ton on December 3. The price of DAP increased by 0.28 this week.Analysis reviewThe price trend of ammonium biphosphate declined this week. The operating rate of enterprises this week was 49%, an increase from last week. The market for ammonium biphosphate remained sluggish this week, with poor market conditions and fewer new orders. Although the price of raw materials had risen, there was not much demand for ammonium biphosphate from downstream compound fertilizer companies. Traders' mentality was unstable, and the focus of ammonium biphosphate transactions continued to drop. At present, the domestic 55% powdered ammonium phosphate ex-factory price is 3,050-3,350 RMB/ton, and the actual transaction can be negotiated.The price of DAP fluctuated slightly this week. The operating rate of enterprises this week was 48%, an increase from last week. This week, the DAP market was dominated by wait-and-see, and the market was operating weakly. The high price of raw materials had certain support for DAP. However, the market for winter storage was not good, and the device was running at low load, and most companies suspend their quotations. The mainstream ex-factory price of 64% DAP in Hubei area was 3,450-3,600 RMB/ton, and the actual transaction can be discussed.The raw material phosphate ore market continued to operate at the high end this week, and the on-site supply continued to be tight. The supply was mostly dominated by contract customers. Downstream companies had increased the relative difficulty in purchasing raw materials. Therefore, some downstream companies gradually became reluctant to sell. Under the mutual support of upstream and downstream, the overall market of phosphate rock and its direct downstream will be strong in the short term.



  Market outlook



  The ammonium phosphate analyst of SunSirs believes that although the current market for ammonium biphosphate is good, the market performance is insufficient and the demand side is weak. Most of the DAP companies focus on price stabilization, and the cost support is acceptable. It is expected that in the short term, ammonium biphosphate will continue to run steadily and downward, while DAP will continue to be stable and wait-and-see.


 
 
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