1、 Price trend
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According to the monitoring of the commodity market analysis system of Shengyishe, sodium hypophosphate has been running smoothly this month. As of May 28th, 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
From the commodity market analysis system of Shengyishe, it can be seen that the domestic sodium hypophosphate market has been operating steadily since May. The news on the sodium hypophosphate market has remained calm, and there has been little overall change in the supply and demand sides. At present, the supply side of sodium hypophosphate is operating steadily, and downstream demand continues to be dominated by rigid procurement. As of May 28th, the domestic market price of sodium hypophosphate (domestic, 99% content) is referenced around 11500-16000 yuan/ton, the domestic market price of sodium hypophosphate (domestic, 102% content) is referenced around 18600-23800 yuan/ton, and the domestic market price of sodium hypophosphate (Jinhua, premium grade) is referenced around 18000-29500 yuan/ton
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Cost side:
The market price of yellow phosphorus fell in May. On May 1st, the average price of yellow phosphorus was 23593.33 yuan/ton, and on May 28th, the average price was 22626.67 yuan/ton. The price fell by 4.1% during the month. The overall trading situation in the yellow phosphorus market is average. In the first half of the year, the domestic yellow phosphorus market was light, while in the second half, the price of yellow phosphorus fluctuated. High end prices will be lowered, while low-end prices will be adjusted. Overall procurement remains relatively cautious.
3、 Future Market Forecast
In May, the overall price of yellow phosphorus fell, and the expected cost changes constrained the price trend. At present, the atmosphere of negotiations on sodium hypophosphate in the market is mild, and the mentality of the industry is still acceptable. Downstream demand and sales are still mainly based on rigid demand for stocking and procurement. According to the data analyst of Shengyi Society, in the short term, the domestic sodium hypophosphate market will mostly operate steadily, and the specific trend still needs to pay more attention to changes in supply and demand news.
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