Price Trend

According to the data of business associations, the domestic market price of monoammonium phosphate dropped this week. The average price of powder monoammonium was 2150 yuan/ton at the beginning of the week, and 2100 yuan/ton at the end of the week, a decrease of 2.33%.

According to the data from the business associations’list, the domestic market price of diammonium phosphate continued to decline this week. The average price of 64% diammonium was 2450 yuan/ton at the beginning of the week, and 2416 yuan/ton at the end of the week, a decrease of 1.36%.

II. Market Analysis

Monoammonium: This week, the domestic market for powdered monoammonium has fallen, and downstream demand has been sluggish. Anhui province 55% ammonium powder factory quoted 2000 yuan – 2100 yuan / ton, smooth start. In Hubei, 55% of ammonium powder is quoted at about 2050 yuan/ton, while 60% of ammonium powder is quoted at 2150-2200 yuan/ton. Henan market maintained stable operation, 55% of ammonium powder factory quoted 2100 yuan / ton, and started smoothly. The price of 55% ammonium powder in Shandong province is 2000-2100 yuan/ton, which is stable. Sichuan province 55% ammonium powder factory quoted about 2050 yuan/ton.

Diammonium: The domestic diammonium market continues to decline. The start-up rate of enterprises is 50%, and the start-up of some enterprises’installations is in a position. At present, 64% of diammonium in Hubei province is offered 2300-2400 yuan per ton, 64% of diammonium in Shandong is offered 2300-2400 yuan per ton, and 64% of diammonium in Yunnan and Guizhou is offered 2400 yuan per ton.

Industry chain: Refinery Sulfur price adjustment, price continued to decline. The demand of sulphur market is weak, the port is still high, the inventory consumption is slow, the bearish sentiment of the operators is strong, the on-site negotiations are cold, the downstream users have low price intention, and the actual single transaction is slightly flat. The downstream sulphuric acid is cautious, weak and stable, and the sulphur market is difficult to find a good one. Phosphate ore market still has no fluctuation, stable operation, the overall market trading light, a small number of downstream purchases, enterprises mainly reduce production and ensure prices, wait-and-see market mentality enhanced, some enterprises in order to meet the 70th anniversary of the Daqing, planned to stop production and marketing stocks at the end of the month. The price of liquid ammonia fluctuates little and the market remains stable. Compound fertilizer enterprises are not ideal for purchasing, and the stock pressure is relatively high, and the autumn market is weak.

3. Future Market Forecast

Ammonium phosphate analysts believe that this week the ammonium phosphate market continued to be weak and prices fell again. Demand is weak as raw material sulfur prices continue to fall. The downstream compound fertilizer enterprises take the goods on demand, and the inventory pressure is high. The ammonium phosphate Market is expected to remain weak in the later period.