1、 Price trend
According to the bulk list data of the Business News Agency, the average market price of 55% powdered monoammonium phosphate was 3330 yuan/ton on March 1, and the average market price of powdered monoammonium phosphate was 3250 yuan/ton on March 29. The market price of monoammonium phosphate fell by 2.40% this month.
According to the bulk list data of the Business News Agency, the average market price of 64% diammonium phosphate was 3980 yuan/ton on March 1, and the average market price of 64% diammonium phosphate was 3987 yuan/ton on March 29. The market price of diammonium phosphate rose 0.19% this month.
2、 Market analysis
The price of monoammonium phosphate fluctuated and fell this month. At present, the market demand for monoammonium is weak, with insufficient intramarket trading and relatively few transactions. Downstream procurement is prudent, with a small amount of replenishment primarily. As of March 29, the market quotation for 55 powdered ammonium in Hubei Province was about 3200 yuan/ton, the factory quotation for 55 powdered ammonium in Henan Province was about 3250 yuan/ton, and the market quotation for 55 powdered ammonium in Sichuan Province was about 3100-3450 yuan/ton, with actual negotiation being the main topic.
The price of diammonium phosphate was adjusted in a narrow range this month. Inadequate performance of on-site demand for diammonium chloride has led manufacturers to narrow price adjustments. The enthusiasm for downstream procurement is average, the atmosphere for on-site trading is light, and the industry’s mentality is unstable. As of March 29, 64% of the diammonium chloride market in North China was quoted at around 3950-4050 yuan/ton, while 64% of the diammonium chloride market in Shandong was quoted at around 4000-4200 yuan/ton. The actual transaction was negotiated.
Raw material phosphate rock market, the domestic phosphate rock market as a whole ushered in a steady upward movement in March. The weather is gradually warming up, and the spring planting season is approaching. The downstream demand for phosphate rock is gradually recovering. The boost in downstream demand provides enhanced support for phosphate rock. The supply of phosphate rock in the field continues to be tight, with both supply and demand driving the overall strong operation of the dual driven phosphate rock market.
Market of raw sulfur: Domestic sulfur prices rose first and then fell this month. In the first ten days of March, the supply of sulfur in the market was stable, with good trading and investment in the terminal industry. The enthusiasm for purchasing in the downstream market increased. Sulfur refineries actively shipped, and some manufacturers raised their prices based on their own inventory. In mid to late March, sulfur market demand weakened and prices continued to decline.
3、 Aftermarket Forecast
According to ammonium phosphate analysts from the Business News Agency, the recent downturn in the market for raw sulfur has weakened the cost support for ammonium phosphate. Spring fertilizer has ended, and the fertilizer market has entered the off-season, resulting in poor demand at home and abroad. It is expected that in the short term, the market for ammonium phosphate will be dominated by weak consolidation and operation.
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