1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the reference average price of 55% powdered monoammonium on August 1st was 2633 yuan/ton. On August 29th, the reference average price of 55% powdered monoammonium was 3000 yuan/ton. The market price of monoammonium phosphate increased by 13.92% this month.

According to the Commodity Market Analysis System of the Business Society, the reference average price of 64% diammonium chloride on August 1st was 3687 yuan/ton, and on August 29th, the reference average price of 64% diammonium chloride was 3825 yuan/ton. The market price of diammonium phosphate increased by 3.73% this month.

2、 Market analysis

The price of ammonium phosphate continued to rise this month. The price of raw sulfur continues to rise, and cost support is positive. There are many pending orders for monoammonium, and most manufacturers have suspended their quotations. Downstream operating rates have increased, demand has increased, and the focus of monoammonium transaction has been pushed upwards. The supply of ammonium chloride in the market is tight, and dealers are mainly reluctant to sell. Coupled with good demand, the market situation is strong and rising. The international market demand is following up, and prices continue to rise. As of August 29th, the market price for 55 powdered ammonium in Hubei region is around 3000 yuan/ton, while the market price for 55 powdered ammonium in Henan region is around 3050-3100 yuan/ton, with actual negotiations being the main focus. The quotation for 64% diammonium in Shandong region is around 3750-3900 yuan/ton, while the quotation for 57% diammonium in Shandong region is around 3300 yuan/ton. The actual transaction is negotiated.

The market for raw sulfur has seen a significant increase in domestic sulfur prices this month. 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. On August 29th, the price of sulfur was 1076.67 yuan/ton, an increase of 26.22% compared to the beginning of the month.

3、 Future Market Forecast

According to ammonium phosphate analysts from Business Society, the high prices of ammonium phosphate raw materials have been operating recently, with strong cost support. The downstream operating rate of monoammonium has increased, and demand continues to follow up. The market for ammonium bicarbonate is tight and prices are rising, with good demand both domestically and internationally. Under the influence of multiple positive factors, it is expected that the price of ammonium phosphate will continue to rise strongly in the short term.