1、 Price trend

According to the commodity market analysis system of Shengyishe, the reference average price of 55% powdered ammonium on February 1st was 3133 yuan/ton. On February 28th, the reference average price of 55% powdered ammonium was 3120 yuan/ton. This month, the market price of ammonium phosphate decreased by 0.43%.

According to the commodity market analysis system of Business Society, the reference average price of 64% diammonium on February 1st was 3966 yuan/ton, and on February 28th, the reference average price of 64% diammonium was 3963 yuan/ton. This month, the market price of diammonium phosphate decreased by 0.08%.

2、 Market analysis

The market price of ammonium phosphate has fallen this month. Before the Spring Festival, the trading volume in the ammonium phosphate market was relatively weak, with fewer new transactions. The price of monoammonium phosphate has decreased, and the market for diammonium phosphate has remained stable. After the holiday, the prices of ammonium phosphate manufacturers remained stable, and the market was mostly wait-and-see. Downstream compound fertilizer enterprises hold a cautious attitude and prioritize on-demand procurement. At the end of the month, the trading atmosphere in the market improved, with a slight increase in the price of monoammonium phosphate and a narrow consolidation operation of diammonium phosphate. As of February 28th, the factory price of 55 powder ammonium in Hubei region is around 3050-3100 yuan/ton, and the factory price of 55 powder ammonium in Henan region is around 3100-3150 yuan/ton, with actual negotiations being the main focus. The market price of 64% diammonium in Shandong region is around 3950-4040 yuan/ton, and the market price of 57% diammonium is around 3560-3630 yuan/ton. The actual transaction is negotiable.

Market for raw material phosphate rock. This month, the domestic phosphate ore market has seen a narrow consolidation. At present, the trading atmosphere in the phosphate ore field is relatively weak, and some mining enterprises have not started construction yet. Market demand is also gradually recovering. As of February 28th, the reference price for domestic phosphate ore market is around 1052 yuan/ton.

Market for raw sulfur. In February, sulfur prices in East China fluctuated and rose. In mid to early February, the trading atmosphere in the sulfur market was positive, and refinery shipments were smooth. In late February, downstream and traders saw an increase in wait-and-see sentiment, with some refineries actively discharging inventory and sulfur prices consolidating and decreasing.

3、 Future Market Forecast

According to analysts from Business Society, the demand for ammonium phosphate in the market has increased recently, and downstream demand has begun to follow up, resulting in an improved trading atmosphere. It is expected that the short-term market for ammonium phosphate will remain stable with an upward trend.