SunSirs: The Market of Ammonium Biphosphate and DAP Were Stable (October 18-24)

　　Price trend

　　According to the data of SunSirs’bulk list, the average ex-factory price of 55% powdered ammonium biphosphate was 3,466 RMB/ton on October 18, and the average ex-factory price of% powdered ammonium biphosphate was 3,466 RMB/ton on October 24. This week, the price of monoammonium was stable.

　　According to the data of SunSirs’bulk list, the average ex-factory price of 64% DAP was 3,590 RMB/ton on October 18, and the average ex-factory price of 64% DAP was 3,590 RMB/ton on October 24. The price of DAP was stable this week.

　　Analysis review

　　The price of ammonium biphosphate was stable this week. The operating rate of enterprises this week was 52%, which was decreased from last week. At present, the trend of ammonium biphosphate is weak and the market is weak. Downstream purchase mainly on-demand, and there are not many new orders. At present, the domestic price of 55% powdered ammonium biphosphate is 3,300-3,500 RMB/ton. The ex-factory price of 58% powdered ammonium biphosphate is about 3,600 RMB/ton, and the actual transaction is negotiated.

　　The price of DAP was stable this week. The operating rate of enterprises this week was 50%, which was a decrease from last week. At present, manufactures mainly carry out the pre-orders, and there is no inventory pressure. At present, raw material prices are firm and cost support is favorable. DAP is temporarily operating steadily. The mainstream ex-factory price of 64% DAP in Hubei area is 3,550-3,650 RMB/ton, and the actual transaction can be discussed.

　　The domestic market for raw material phosphate ore has risen. Among them, Guizhou and Guangxi are supported by continued tight supply, and some mining companies have raised prices for medium and high-end phosphate ore. As of the 24th, the domestic 30% grade phosphate ore market reference price was around 620-700 RMB/ton, compared with a week ago, the price was raised by 20-30 RMB/ton.

　　Market outlook

　　The ammonium phosphate analyst of SunSirs believes that the current ammonium biphosphate market transaction is weak and terminal demand is not good. There are many pre-orders for DAP, and the price of raw materials remains high. The phosphorus compound fertilizer conference is about to be held, and the wait-and-see attitude is obvious. It is expected that ammonium biphosphate will continue to weaken in the short term, and DAP will continue to remain strong at a high level.