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 3130 yuan/ton on March 18th, and 3130 yuan/ton on March 22nd. The market price of 55% powdered ammonium phosphate remained stable this week.
According to the Commodity Market Analysis System of Business Society, the average market price of 64% diammonium phosphate in China was 3976 yuan/ton on March 11th, and 3976 yuan/ton on March 18th. The market price of diammonium phosphate remained stable this week.
2、 Market analysis
This week, the ammonium phosphate market has been operating steadily, with stable quotes from manufacturers. The prices of raw materials such as phosphate ore and sulfur have risen, leading to increased cost support. The demand side is slightly light, and the market trading atmosphere is weakened. Downstream purchases are made on demand, and new transactions are limited. As of March 22, the market price of 55 powder ammonium in Hubei region is around 3000-3100 yuan/ton, and the factory price of 55 powder ammonium in Henan region is around 3100-3200 yuan/ton, with actual negotiations being the main focus. The outbound price of 64% diammonium in Shandong region is around 3900-4050 yuan/ton, and the outbound price of 57% diammonium is around 3650-3730 yuan/ton. The actual transaction is negotiable.
In terms of raw material sulfur. This week, the sulfur market is relatively strong and upward. As of March 22nd, the reference price for sulfur in East China is around 1047 yuan/ton.
In terms of raw material phosphate ore. This week, the phosphate ore market has shown a fluctuating trend of ups and downs. At the beginning of the week, the overall price of phosphate ore in the Yunnan region of China increased, with some mining companies that had previously quoted lower prices raising the price of 30 grade phosphate ore by about 20 yuan/ton. Later, during the mid week period, some mining companies in Guizhou region also lowered the prices of mid to high end grade phosphate ore narrowly based on their own shipments, with a reduction of about 10-30 yuan per ton. The phosphate ore market in other regions mainly continues to consolidate and operate.
3、 Future Market Forecast
According to analysts from Business Society, the current market situation for ammonium phosphate is consolidating. Although there is cost support, downstream demand has weakened. It is expected that the short-term ammonium phosphate market will be weak, with consolidation and operation as the main focus.
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