1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the monitoring of the commodity market analysis system of Shengyishe, sodium hypophosphate has been running smoothly this month. As of May 16th, the mainstream price of sodium hypophosphate (2123, 99% content) in China was 14733.33 yuan/ton, which is the same as last month. The mainstream price of sodium hypophosphate (2123102% content) is 20533.33 yuan/ton, which is unchanged from the previous month.
2、 Market analysis
Cost side:
On May 16th, the price of yellow phosphorus in the market slightly declined. The benchmark price of yellow phosphorus in Shengyishe was 22760 yuan/ton, a decrease of 36 yuan from last week, a decrease of 0.15%, and a decrease of 833 yuan, a decrease of 3.67% from May 1st. Currently, the trading situation in the yellow phosphorus market is average, and downstream inquiries are more active. Purchasing is mainly driven by price pressure. Currently, many manufacturers do not provide external quotations, and negotiations are the main focus. Overall, the transaction in the market is still acceptable.
3、 Future Market Forecast
The recent market trend of sodium phosphate has been sideways. From a cost perspective, the market price of raw material yellow phosphorus has slightly declined this week, indicating a bearish performance on the cost side. From the perspective of supply and demand, the main downstream flame retardants have average market trading volume
The terminal new energy vehicle market has recently shown some fluctuations in April. In April’s sales data, there was a slight decline in sales compared to the previous month. This phenomenon is mainly attributed to the instability of prices, which makes many potential consumers appear more cautious and cautious in their car purchase decisions. Due to the slowdown in sales, enterprises are facing pressure from a backlog of finished product inventory. In response to this challenge, some automotive companies have begun to adjust their production control and raw material procurement strategies to optimize inventory and cost control.
The weakening of cost support combined with sluggish terminal demand is expected to lead to a weak consolidation of the sodium hypophosphate market in the near future.
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