1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the average market price of 55% powdered ammonium phosphate in China on August 11th was 2800 yuan/ton. On August 18th, the average market price of 55% powdered ammonium phosphate in China was 2866 yuan/ton. This week, the market price of monoammonium phosphate increased by 2.38%.

According to the Commodity Market Analysis System of the Business Society, the average market price of 64% diammonium phosphate in China on August 11th was 3712 yuan/ton. On August 18th, the average market price of 64% diammonium phosphate in China was 3750 yuan/ton. This week, the market price of diammonium phosphate increased by 1.01%.

2、 Market analysis

The market price of ammonium phosphate continued to rise this week. The price of raw sulfur has increased, which is beneficial for cost support. At present, most manufacturers of monoammonium phosphate have suspended their quotations and orders, and the market has a large volume of pending orders. The price of monoammonium phosphate continues to rise. The supply of ammonium phosphate in the market is tight, and the international market continues to improve. Dealers are mainly reluctant to sell, and the price of ammonium phosphate continues to rise. As of August 18th, the market quotation for 55 powdered ammonium in Hubei Province is around 2850-2950 yuan/ton, with actual negotiations being the main focus. The quotation for 64% ammonium chloride in Shandong region is around 3750-3900 yuan/ton, and the actual transaction is negotiated.

In terms of raw sulfur, the domestic sulfur market has shown a strong upward trend this week. The main reason is that there is strong demand for phosphate fertilizer, prices continue to rise, downstream construction has increased, and there is a positive attitude towards sulfur procurement. The sulfur market has a positive attitude, with smooth shipments from refineries and low inventory. Some manufacturers are reluctant to sell and have a strong upward trend, coupled with the impact of an upward buying mentality, sulfur prices continue to rise.

In terms of raw material phosphorus ore, the domestic market for mid to high-end grade phosphorus ore remained stable and organized this week. At present, the overall trading atmosphere in the phosphate rock field is mild, the downstream demand table is calm, and the overall market is stable and excessive. As of August 18th, the domestic market price of 30 grade phosphate ore is around 750-950 yuan/ton.

3、 Future Market Forecast

According to ammonium phosphate analysts from Business Society, the market situation has been continuously rising during the peak autumn sales season of phosphate fertilizer. The strength of raw materials, the large volume of manufacturers waiting to be shipped, and the shortage of stock in the market. Under multiple positive factors, it is expected that the short-term price of ammonium phosphate will continue to rise strongly.