1、 Price trend
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According to data from Business News Agency, on March 13, the average market price of 55% powdered monoammonium phosphate in China was 3330 yuan/ton, and on March 20, the average market price of 55% powdered monoammonium phosphate in China was 3260 yuan/ton. This week, the market price of monoammonium phosphate fell by 2.10%.
According to data from the Business News Agency, on March 13th, the average market price of 64% diammonium phosphate in China was 3980 yuan/ton, and on March 20th, the average market price of 64% diammonium phosphate in China was 3980 yuan/ton. This week, the market price of diammonium phosphate was stable.
2、 Market analysis
The price of monoammonium phosphate was lowered this week. The price of raw sulfur fell, weakening cost support. Downstream demand is sluggish, with few new orders traded. As of March 20, the market quotation for 55 powdered ammonium in Hubei Province was about 3300 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 3100-3400 yuan/ton, with actual negotiation being the main topic.
The price of diammonium phosphate was stable this week. The supply of ammonium chloride in the market is tight, and the price remains stable. Currently, there are many pending orders, and there is a small amount of replenishment downstream, resulting in flat demand. As of March 20, 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 4000-4170 yuan/ton. The actual transaction was negotiated.
In terms of raw sulfur, sulfur prices in East China fell this week. The sulfur manufacturer’s units operate normally, the market supply is stable, and downstream demand is acceptable. Purchase and follow up on demand when entering the market. The sulfur manufacturer negotiates shipment, and the industry is on the sidelines. The short-term sulfur market operates smoothly.
In terms of raw phosphorus ore. This week, the overall domestic phosphorus ore market remained stable at a high level. The overall supply side of the phosphate rock field remains tight, and the supply side continues to support high market quotations. With the arrival of the spring plowing season, the downstream demand of the terminal continues to increase, and the downstream demand side of the phosphate rock performs steadily.
3、 Aftermarket Forecast
An ammonium phosphate analyst from the Business Agency believes that the recent reduction in the price of raw material sulfur has not been beneficial for the cost side. Demand for monoammonium is light, with fewer new orders, and pending orders for diammonium are dominated. It is expected that the weak finishing operation of ammonium phosphate will prevail in the short term.
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