1、 Price trend
According to the commodity market analysis system of the business community, the average price of 55% of the domestic powdered monoammonium market was 2862 yuan/ton on May 12, and the average price of 55% of the domestic powdered monoammonium market was 2832 yuan/ton on May 19. The market price of monoammonium phosphate fell 1.05% this week.
According to the commodity market analysis system of the business community, the average price of 64% of the domestic diammonium phosphate market was 3893 yuan/ton on May 12, and the average price of 64% of the domestic diammonium phosphate market was 3883 yuan/ton on May 19. The market price of diammonium phosphate fell 0.26% this week.
2、 Market analysis
The price of ammonium phosphate has dropped this week. The price of raw material phosphate rock is stable, while the price of raw material sulfur is rising, and cost support is still acceptable. Downstream demand is weak, with small purchases being the main focus. The market trading atmosphere is poor, with fewer new orders. As of May 19th, the market price for 55 powdered ammonium in Hubei region is around 2700 yuan/ton, the market price for 55 powdered ammonium in Sichuan region is around 2800-2980 yuan/ton, and the market price for 55 powdered ammonium in Henan region is around 2700 yuan/ton, with actual negotiations being the main focus. The market price for 64% ammonium bicarbonate in Hubei region is around 3650 yuan/ton, the outbound price for 64% ammonium bicarbonate in Shandong region is around 4000 yuan/ton, and the outbound price for 57% ammonium bicarbonate in Shandong region is around 3300 yuan/ton. The actual transaction is negotiated.
In terms of raw material sulfur, the sulfur market in East China was relatively strong this week. At the beginning of the week, due to the maintenance of some refinery equipment, the supply of goods decreased, and manufacturers actively shipped. The market mentality was bullish, coupled with good upstream and downstream purchasing, sulfur prices continued to rise. Later on, downstream purchasing returned to rationality, and it was necessary to follow up on the market. Refineries mainly shipped at stable prices, while some enterprises had poor shipments. Sulfur prices were slightly reduced, and sulfur prices overall rose during the week.
In terms of raw phosphorus ore, the domestic phosphorus ore market remained stable and organized this week. At present, the overall operation of the downstream industry chain of phosphate rock is relatively weak, and the demand support provided by the downstream is limited. However, due to the continuous tight operation of the supply side in the phosphate rock field, and the low pressure on the supply side, the overall market can still operate stably.
3、 Future Market Forecast
Analysts from the Business Society believe that the market for ammonium phosphate has been poor recently, with demand continuing to be sluggish and the focus of transactions constantly declining. In the absence of improvement on the demand side, it is expected that the price of ammonium phosphate market will continue to decline in the short term.