CCM summarises the changing trends of the markets of phosphate fertiliser and its raw materials since the beginning of 2020. Domestic phosphate fertiliser market is expected to continue to improve in H1 2021.
Prices of domestic MAP hit the highest level in 2020. MAP prices are predicted to stay at a high level in the near future but transaction prices in some regions may edge down slightly.
In early Dec. 2020, spot products of DAP manufacturers became tight and manufacturers mainly delivered domestic orders for storing fertilisers in winter. Market prices of DAP maintained stability. DAP prices are predicted to stay at a high level in the short term and still have potential to edge up slightly.
Yellow phosphorus prices kept dropping in the first half of Dec. and downstream customers were cautious about purchasing. In the latter half of this month, sales in the yellow phosphorus market started to recover and more deals were made. In Dec., PA prices maintained stability and the cost support from upstream yellow phosphorus prices weakened compared with the previous month.
Since July 2020, prices of glyphosate technical surged due to decreased supply and stable demand.
Company dynamics of phosphorus chemicals in Dec. 2020
On 9 Dec., 2020, Guizhou Chanhen Chemcial Corporation disclosed that it would raise funds of no more than USD175.97 million (RMB1160 million) for several projects including the project of 1.50 million t/a medium and low grade phosphorus ore comprehensive utilisation beneficiation equipment and supporting facilities.
Recently, Tonglin Sinco Fine Chemical Co., Ltd. completed the commissioning of its potassium dihydrogen phosphate technical renovation project and managed to produce the product smoothly.
On 27 Nov., 2020, Yunnan Yuntianhua Co., Ltd. announced that it planned to set up a joint venture, Yunnan Fluoride Phosphorus Electronics Technology Co., Ltd. with Do-Fluoride Chemicals Co., Ltd. to develop cooperation in comprehensive utilisation of fluorosilicone, by-product of phosphate fertilisers.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB6.5921on 1 Dec., 2020, sourced from the People’s Bank of China.
All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.
If you would like to cover any specific topics or investigate any covered subjects in more details, please contact us on +86-20-37616606, or econtact@cnchemicals.com.
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