Price trend
According to the data from SunSirs’bulk list, the average ex-factory price of powdered ammonium biphosphate was 2,483.33 RMB/ton on February 28, and the average ex-factory price of powdered ammonium biphosphate was 2,118 RMB/ton on February 1, an increase of 17.25% during the month, and an increase of 24.58% year-on-year.
According to the data from SunSirs’bulk list, the average ex-factory price of 64% DAP was 2,900 RMB/ton on February 28, and the average ex-factory price of 64% DAP was 2,490 RMB/ton on February 9, an increase of 16.47% throughout the month, an increase of 31.82% year-on-year.
Analysis review
The price of ammonium biphosphate rose in February, and the price rose slightly before the holiday. After the Spring Festival, the market rose sharply and climbed to a high level. The raw materials rose collectively this month, and the export side was macroeconomically positive. The market for ammonium biphosphate was on the strong side. As of March 3, the ex-factory price of 55% powdered ammonium biphosphate in Anhui area was 2,300-2,450 RMB/ton. The factory price of 55% powdered ammonium biphosphate in Hubei area was 2,400-2,500 RMB/ton. The ex-factory price of 55% powdered ammonium biphosphate in Henan was about 2,500-2,580 RMB/ton. The ex-factory price of 55% powdered ammonium biphosphate in Sichuan was around 2,400-2,450 RMB/ton.
The price of DAP also rose simultaneously in February. After the Spring Festival, it broke the calm and rose straightly. Some companies quoted as high as 3,150 RMB/ton, and the price was too high. At present, most companies stop reporting and do not collect payments, and they mainly ship pre-orders. As of March 3, a large number of 64% DAP companies in Hubei region stopped reporting, and the mainstream ex-factory price of 64% DAP in Shaanxi region was 3,000-3,100 RMB/ton. The mainstream ex-factory price of 64% DAP in Yunnan area was 3,300-3,430 RMB/ton. The mainstream ex-factory price of 64% DAP in Guizhou area was 3,300 RMB/ton, and the pre-acceptance price of 64% DAP in Heilongjiang area rose to about 3,300 RMB/ton.
In terms of raw materials, sulfur rose by 20.25% in February and 131.14% year-on-year. On March 2, the reference price of sulfur was 1,373.33 RMB/ton, which was the same as on March 1. At present, domestic refinery inventories remain low. After the holiday, downstream demand has stabilized. Manufacturers' shipments have been smooth. The market players are very clear to support the market. It is expected that the short-term sulphur market will continue to operate at a high level firmly, and pay attention to the follow-up of downstream.
Market outlook
The ammonium phosphate analyst of SunSirs believes that the current market situation of ammonium phosphate is very good, and the price has risen to a new high during the year. With the increase in the price of raw materials, domestic downstream demand is gradually increasing due to the approaching of spring plowing. With the increase in demand for foreign exports, the price of ammonium phosphate is running at a high level under the favorable conditions. However, after the big increase, the downstream is cautiously waiting and watching. ammonium phosphate companies still stop orders and stop quoting too much. There is no sales pressure for the time being. The main shipments are pre-orders and the price is strong. In the absence of obvious negative signals in the market for the time being, it is expected that ammonium phosphate is likely to rise, and the market will remain strong at a high level in the short term.
