Strong supply and weak demand, and the price of diammonium phosphate remains low (1.6-1.12)

1、 Price trend

 

According to the monitoring data of the business association, the market price of DAP this week maintained stable operation. On January 6, the average ex factory price of 64% DAP in China was 2200 yuan / ton, and on January 12, the average ex factory price of 64% DAP in China was 2200 yuan / ton, maintaining a stable price. So far, the diammonium phosphate commodity index on January 13 is 65.62, which is the same as yesterday, a new low in the cycle, 36.28% lower than the highest point of 102.98 on October 8, 2011. (Note: cycle refers to 2011-09-01 to now

 

Thiourea

2、 Market analysis

 

Products: at present, 64% of the mainstream of diammonium in Hubei Province is quoted at 2200-2300 yuan / ton, 64% of the mainstream of diammonium in Shandong Province is quoted at 2200-2400 yuan / ton, 64% of the mainstream of diammonium in Yunnan Guizhou Province is quoted at 2250-2450 yuan / ton, 64% of the mainstream of diammonium in Anhui Province is quoted at 2200-2400 yuan / ton, and 64% of the mainstream of diammonium in Northwest China is quoted at 2200-2400 yuan / ton.

 

Industry chain: in recent years, the domestic phosphorus ore market has been in a weak and stable state of operation. During this period, some mining enterprises reduced their prices or limited production slightly to meet the market demand in the off-season. With the approaching of the Spring Festival, mines around the country gradually stopped mining, and some enterprises in Hubei and Sichuan are now in the phase of shutdown. Some enterprises in Guizhou also have maintenance plans before and after the Spring Festival. Liquid ammonia fell 8% this week, mainly because some enterprises cut prices sharply in the middle of the week. The previous high price, affected by market trends, led to a sharp drop in prices. At the end of the week, most manufacturers’ quotations were flat compared with last week. At present, the local ammonia quantity is abundant, especially some manufacturers in Shandong Province have loose supply of goods, and the enterprise’s delivery pressure is increasing gradually. However, the manufacturers with large ammonia quantity mainly stabilize their prices, and continue to deliver goods.

 

Thiourea dioxide

Industry: according to the price monitoring of the business agency, in the first week of 2020 (1.6-1.10), there are 27 kinds of commodities rising month by month in the list of commodity prices in the chemical industry sector, among which there are 3 kinds of commodities rising by more than 5%, accounting for 3.5% of the number of commodities monitored in the sector; the top 3 commodities are bisphenol A (9.65%), glycol (7.92%), ammonium chloride (5.09%). There are 18 kinds of commodities falling on a month on month basis, and 1 kind of commodities falling by more than 5%, accounting for 1.2% of the number of commodities monitored in this sector; the top three products falling are caustic soda (- 5.22%), chloroform (- 4.55%), sodium metabisulfite (- 3.79%). This week’s average was 0.35%.

 

3、 Future forecast

 

DAP analysts believe that raw material prices are low, demand follow-up is weak, price increases are blocked, and many transportation is not smooth. It is expected that the price of DAP will keep stable in the later stage.

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