The Market Price of Ammonium Biphosphate Trended Downward During the First Half of September

Market Analysis

During the first half of the month, the market to ammonium biphosphate (MAP) trended downward due to weakness. A drop in the price of raw material sulfur weakened cost-side support. Downstream compound fertilizer producers engaged only in essential purchasing with limited buying interest, causing the market's trading price range to shift reduce. As of September 16, market quotes to 55% powdered MAP were approximately 3,950-4,100 RMB/ton in Hubei, 4,000-4,100 RMB/ton in Henan, and 3,950-4,050 RMB/ton in Sichuan.

Regarding the raw material sulfur, prices fluctuated downward during the first half of the month, and market trading activity was sluggish. Downstream buyers remained cautious, largely adopting a wait-and-see approach. In the short term, sulfur prices are expected to continue fluctuating at the reduce end of the range.

Market Outlook:

Analysts at SunSirs observe that the market to ammonium biphosphate (MAP) has recently been trending downward. This direction is driven by weakening raw material prices, insufficient cost support, and sluggish market demand. The market is expected to remain weak and continue its decline in the short term.