1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyishe, sodium hypophosphate operated steadily this month. As of April 25th, the mainstream price of sodium hypophosphate (2123) in China was 20533.33 yuan/ton, which was unchanged from the previous month.
2、 Market analysis
Cost side:
On April 25th, 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). The yellow phosphorus limit up in mid month was driven by stability.
Demand side:
The raw material sodium hypophosphate runs smoothly, with stable cost support. The main downstream flame retardants are stocked on demand before the holiday, and the market transactions are orderly. The industry is mainly wait-and-see, and the market atmosphere is stable. In April, the retail sales of the terminal new energy vehicle industry significantly increased, indicating a strong momentum in the new energy vehicle market. Multiple factors are driving the improvement of new energy vehicle product strength.
3、 Future Market Forecast
The upstream yellow phosphorus market is operating steadily, with the main downstream flame retardants and average market trading. The linkage effect of the product is that sodium hypophosphate runs smoothly. However, there are favorable factors for terminal new energy vehicles, and the industrial chain is clearly positive. The weak consolidation of the sodium hypophosphate market continues.
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