1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, sodium hypophosphate operated steadily this week. As of April 18th, the mainstream price of sodium hypophosphate in China was 20533.33 yuan/ton, which was unchanged from last week.

2、 Market analysis

Cost side:

On April 18th, the benchmark price of yellow phosphorus in Shengyishe was 23593.33 yuan/ton, an increase of 4.12% compared to the beginning of this month (22660.00 yuan/ton). At present, the market situation is upward, and downstream glyphosate prices are rising, which is beneficial for the yellow phosphorus market.

Demand side:

The downstream market is showing a weak situation, with the overall situation not as good as in previous years. The usage has not improved, and the purchasing willingness is poor, making it difficult to increase the volume. Enterprises are offering discounts to sell. The bearish demand side affects the sodium hypophosphate market.

3、 Future Market Forecast

Recently, the supply of sodium hypophosphate has been relatively sufficient, and market trading has fallen into a stalemate, coupled with increased inventory pressure. The market is gradually showing a state of price without market, and spot prices remain stable. Supported by the favorable impact of raw material yellow phosphorus prices, it is expected that the market for sodium hypophosphate may fluctuate upwards in the short term.