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.

On March 28th, the price of domestic boric acid remained stable

According to the bulk list data of Business News Agency, the price of boric acid has remained stable recently, with an average price of 7850.00 yuan/ton.

Recently, the domestic boric acid market has remained stable due to fluctuations. Downstream demand is general, while the boric acid trading market fluctuates, and downstream bargains are sought. Boric acid manufacturers price their products based on their own shipment conditions, and the price of boric acid fluctuates slightly.

The source of imported goods has recently increased, and the current external quotations are concentrated at 8200-8500 yuan/ton (the actual transaction prices of different brands, different specifications, and products are mainly negotiated).

Boric acid analysts from the Business Agency believe that the recent domestic boric acid market has shown a trend of volatility and consolidation, with general market demand. It is expected that the market will mainly maintain stability in the future, and more attention needs to be paid to market news guidance.

According to data monitoring by the Business News Agency, the polyacrylamide commodity index stood at 93.13 on March 26, unchanged from yesterday, down 16.48% from the cycle’s highest point of 111.51 (2021-11-03), and up 12.35% from the lowest point of 82.89 on August 2, 2020. (Note: The cycle refers to 2019-04-01 to now)

Commodity market: According to data monitoring by the Business News Agency, the mainstream market of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China’s domestic market fell slightly during the week of March 20-26, 2023. On March 20, the market reported around 15285.71 yuan/ton, while on March 26, the market reported around 15242.86 yuan/ton, down 0.28%. Polyacrylamide started normally, with sufficient inventory. Downstream demand was not strong, and there was too much supply and too little demand. The market for polyacrylamide remained stable and weak.

Raw material acrylonitrile: According to data from the Business News Agency, the acrylonitrile market declined slightly during the week of March 20-26. According to data monitoring by Business News Agency, as of March 26, the bulk water price in the acrylonitrile market was 10325 yuan/ton, down 0.48% from 10375 yuan/ton at the beginning of the week. At present, the price of acrylonitrile from the tank is between 10200-10300 yuan/ton. The price of raw materials fell, and the cost of acrylonitrile continued to decline; The pressure on the supply side is still there, and the demand side has a rigid need for support; The acrylonitrile market is weak, with supply and demand slightly deadlocked. It is expected that the acrylonitrile market may continue to decline slightly in the future.

Raw Material Acrylic Acid: According to the data from the Business News Agency, the acrylic acid market fluctuated and fell during the week from March 20 to 26. On the first day, the main price in East China was 7975 yuan/ton, with an average price of 7250 yuan/ton on the 26th, a decrease of up to 9.09%. Recently, the price of raw material propylene has fluctuated and fallen, weakening cost support. In the current week, large factories at the supply end adjusted prices, while downstream procurement of raw materials was mainly based on demand. Actual market transactions were weak, and the focus of acrylic acid price negotiations was partially reduced. It is expected that acrylic acid light finishing will run in the short term.

Liquefied natural gas for production. According to data from Business News Agency, the price of domestic liquefied natural gas continued to decline during the week from March 20 to 26. As of March 26, the average price of domestic liquefied natural gas was 4252 yuan/ton, down 3.58% from the average price of 4412 yuan/ton on March 20. Cost support weakened due to lower feed gas prices in the city. Under cost pressure, domestic liquid prices have continuously declined. Currently, the market has sufficient supply and weak terminal demand. The heating season in the north is about to end, with a low industrial operating rate and a significant oversupply in the market. It is expected that the domestic LNG market will continue to be weak in the short term.

Future Forecast: Raw material and fuel prices have all fallen, and cost support has weakened. The polyacrylamide stock is sufficient, and under the economic environment, the demand for downstream demand orders continues to be weak. It is expected that the polyacrylamide market will continue to be weak in the short term in the future.

According to the monitoring by the Business News Agency, the price of potassium sulfate content 50 at the beginning of this week was 3950 yuan/ton, while the price of potassium sulfate content 50 at the end of this week was 3933 yuan/ton, with a decrease of 0.42%.

The domestic potassium sulfate market price has experienced a slight correction trend, and the unit operating rate of processing type Mannheim potassium sulfate manufacturers has remained at a level of less than 50%. The operating rate is limited, and downstream factories mainly purchase on demand. Currently, the mainstream factory price of Mannheim 52% powdered potassium sulfate is 3850-3950 yuan/ton, and the price of granular potassium sulfate is basically in line with the 52% powdered price. The actual transaction is mainly based on the purchase order, but the overall procurement demand is relatively limited.

The overall operating rate of downstream compound fertilizer plants in the recent period is less than 50%. With the prices of nitrogen, phosphorus, and potassium raw materials all declining, even if there is a small amount of raw material procurement demand from downstream plants, they have maintained the on-demand procurement model, with limited market support for potassium fertilizer.

Prediction: The domestic potash fertilizer market is in a weak and downward state, with a slight confusion in the market. It is expected that the market price may be dominated by a weak consolidation trend.

According to the monitoring of the Business News Agency, the price of activated carbon at the beginning of this week was 10533 yuan/ton, while the price of activated carbon at the weekend was 10633 yuan/ton, with a price increase of 0.95%.

The factory price of domestic activated carbon for coconut shell water purification is between 9600-12500 yuan/ton, with an increase in market inquiries. Domestic coal based activated carbon production enterprises operate normally, with a relatively high spot supply compared to the annual average level, and a moderate enthusiasm for shipment.

Active carbon has a rich source of raw materials, including coal, sawdust, fruit shells, straw, etc. Through a series of processes to prepare activated carbon suitable for water treatment, active carbon manufacturers are also continuously improving the performance of activated carbon, increasing its working capacity, and effectively adsorbing and purifying wastewater.

Prediction: The transaction in the activated carbon market is active and fair, and the trading atmosphere on the floor has warmed. It is expected that the price of activated carbon will mainly fluctuate in a narrow range in the short term.