1、 Price trend
On October 22, the average market price of 55% powdered ammonium in Hubei Province was 3613 yuan/ton, and on October 16, the average market price of 55% powdered ammonium in Hubei Province was 3656 yuan/ton. This week, the market price of ammonium phosphate fell by 1.19%.
2、 Market analysis
This week, the market for ammonium phosphate continued to weaken and decline. The price of raw material sulfur continues to decline, and cost support is weakening. The operating rate of downstream compound fertilizer enterprises has decreased, and they mainly purchase raw materials on demand, resulting in limited new market transactions. As of October 22nd, the market price of 55 powder ammonium in Hubei region is around 3580-3680 yuan/ton, in Henan region it is around 3650-3700 yuan/ton, and in Sichuan region it is around 3600-3700 yuan/ton.
In terms of raw material sulfur. This week, the sulfur market continued to decline, with weak market transactions and high bearish sentiment. Downstream demand has been released, but transaction prices remain low. It is expected that the short-term sulfur market price will mainly be adjusted and operated in a wait-and-see manner.
3、 Future forecast
Analysts believe that the market trend of ammonium phosphate has been declining recently. The raw material market continues to be weak, with insufficient cost support. The autumn fertilizer market is coming to an end, and the trading atmosphere in the market is not good. It is expected that the short-term market for ammonium phosphate will continue to operate weakly.