1、 Price trend
According to the Commodity Market Analysis System of Business Society, the average market price of 55% powdered ammonium phosphate in China was 3116 yuan/ton on October 30th. On November 6th, the average market price of 55% powdered ammonium phosphate in China was 3200 yuan/ton. This week, the market price of monoammonium phosphate increased by 2.67%..
According to the Commodity Market Analysis System of the Business Society, the average market price of 64% diammonium phosphate in China was 3900 yuan/ton on October 30th. On November 6th, the average market price of 64% diammonium phosphate in China was 3900 yuan/ton, and the market price of diammonium phosphate remained stable this week.
2、 Market analysis
The market price of ammonium phosphate has risen this week. The price of raw materials such as phosphate ore and sulfur has increased, resulting in favorable cost support. At present, there are a small number of orders received by ammonium phosphate manufacturers, and the factory has a large amount of waiting orders. Follow up on market demand in the Northeast region, with an increase in market inquiries. The supply of diammonium phosphate in the market is relatively low, and the market transactions are good. As of November 6th, the market price of 55 powdered ammonium in Hubei region is around 3250-3300 yuan/ton, while the factory price of 55 powdered ammonium in Henan region is around 3250 yuan/ton, with actual negotiations being the main focus. The 64% market quotation for diammonium in Shandong region is around 3900-4000 yuan/ton, and the actual transaction is negotiated.
In terms of raw material sulfur. This week, the domestic sulfur market trend is dominant. As of November 6th, the reference average price of sulfur in East China is 946.67 yuan/ton.
In terms of raw phosphorus ore. This week, the overall domestic phosphorus ore market has slightly increased again, with some mining companies in certain regions having good shipments. The prices of new orders continue to rise slightly, with an increase of around 20-50 yuan/ton. As of November 6th, the domestic market price of 30 grade phosphate ore is around 1000-1120 yuan/ton.
3、 Future Market Forecast
Analysts from the Business Society believe that the ammonium phosphate market has risen recently due to cost support and pending orders. At present, the market supply is tight, and manufacturers and distributors are mainly reluctant to sell. It is expected that the short-term market price of ammonium phosphate will be strong and upward.
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