1、 Price trend

In recent years, fertilizer products have been rising, and monoammonium phosphate is no exception. According to the data of the business club’s large scale list, the market price of powdered monoammonium on February 1 was 1890 yuan / ton, and the market price of powdered monoammonium on February 29 was 1993 yuan / ton, up 5.47% in February. Up to now, the commodity index of monoammonium phosphate on March 5 is 68.40, which is flat with yesterday, 32.17% lower than the highest point of 100.84 (2011-09-13), and 10.16% higher than the lowest point of 62.09 on September 19, 2017. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Products: the operating rate of enterprises began to slightly increase, and some enterprises in Hubei stopped. At present, the factory quotation of 55% powdered ammonium in Hubei Province is 1950-2100 yuan / ton, and that of 60% mainstream powdered ammonium is 2150-2250 yuan / ton. The market in Henan province maintains stable operation. The ex factory price of 55% ammonium powder is 1950-2100 yuan / ton, and the ex factory price of 58% ammonium powder is 2050-2150 yuan / ton. The price of 55% powdered ammonium in Shandong Province is 1950-2100 yuan / ton, which is stable. The ex factory quotation of 55% powdered ammonium in Sichuan is 1850-2100 yuan / ton.

Industrial chain: in February, the domestic sulfur market was relatively strong, and the domestic price was up, but the downstream construction was low, the port inventory was still high, consumption was slow, there was no information guidance in the field, and the main thing was to watch carefully. The atmosphere of negotiation in domestic sulfur market is a little flat. The enthusiasm of purchasing in downstream market is weakened and mainly on demand. The buyer and the seller intend to keep the price difference, and the industry is mostly stuck on the sidelines. At present, the domestic quotation of solid sulfur is 430-660 yuan / ton, and that of liquid sulfur is 390-550 yuan / ton. At present, the phosphorus ore market starts slowly, most of the enterprises in the market have not resumed production, and the overall start-up remains at a low level. There are not many new transactions in the market, and the recovery of transactions is slow, mainly to digest inventory.

Industry: according to the price monitoring of the business agency, in February 2020, there are 28 kinds of commodities rising month by month in the list of commodity prices in the chemical industry sector, including 5 kinds of commodities rising by more than 5%, accounting for 5.7% of the number of commodities monitored in the sector; the top three commodities rising are sulfur (10.60%), hydrofluoric acid (8.40%) and fluorite (8.05%). There are 48 kinds of commodities falling on a month on month basis, and 27 kinds of commodities falling by more than 5%, accounting for 31% of the number of commodities monitored in the sector; the top three products falling are butadiene (- 22.76%), propane (- 21.45%) and hydrogen peroxide (- 18.21%). This month’s average rise and fall was – 2.53%.

3、 Future forecast

According to analysts of monoammonium phosphate of business association, the price of monoammonium phosphate is currently high, and the transportation situation is starting to improve. The price of raw sulfur rose, and the recovery rate of downstream compound fertilizer enterprises increased, which pushed the price of monoammonium phosphate up. The market is facing well, and the price of monoammonium phosphate is expected to rise steadily in the later period.