According to the Commodity Market Analysis System of Business Society, as of May 25th, the average market price of compound fertilizer was 3075 yuan/ton, and on May 18th, the average market price of compound fertilizer was 3060 yuan/ton, an increase of 0.49% compared to last week.

In terms of cost

This week, the raw material urea remained strong at a high level. The domestic market price of potassium sulfate continues to rise, and currently, the operating rate of resource-based potassium sulfate manufacturers is gradually decreasing. The trading atmosphere in the monoammonium phosphate market has improved, and the price continues to rise. Most manufacturers suspend or restrict orders, resulting in a large volume of pending orders. Dealers are facing tight supply and are actively increasing their quotations. Although the operating rate has increased, the market supply is still tight. Compared to monoammonium, the domestic demand for diammonium phosphate is relatively weak, and the market situation is stable with minor fluctuations, with the main focus on exports.

In terms of supply and demand

The winter wheat harvesting season is gradually approaching in various regions, and the summer corn fertilizer market is also about to enter a sprint stage. The compound fertilizer market should be relatively strong. In the context of high urea prices, high nitrogen fertilizer quotes from compound fertilizer enterprises have generally increased, while low-end quotes have seen significant increases. Although the market is improving, the demand for replenishment in downstream markets is not strong during the peak season. The wholesale and retail prices of corn fertilizer in various terminal markets have been basically determined, and dealers are unwilling to restock at high prices.

Future Market Forecast

At present, the inventory of enterprises is low, and some supply is tight, with a strong willingness to raise prices. Supported by costs, it is expected that the price trend of compound fertilizers will remain strong.