1、 Price trend
On June 6th, the average market price of 55% powdered ammonium in Hubei region was 4280 yuan/ton, and on June 12th, the average market price of 55% powdered ammonium in Hubei region was 4383 yuan/ton. This week, the market price of ammonium phosphate increased by 2.41%.
2、 Market analysis
This week, the market price of ammonium phosphate has been strong and rising. The price of raw material sulfur has significantly increased, and under cost pressure, the market price of ammonium phosphate has risen steadily. Manufacturers still mainly execute early-stage orders, while downstream purchases are made on demand, resulting in an improved market transaction atmosphere. As of June 12th, the market price of 55 powder ammonium in Hubei region is around 4350-4450 yuan/ton, in Henan region it is around 4450-4500 yuan/ton, and in Sichuan region it is around 4200 yuan/ton.
In terms of raw material sulfur. Due to the tense situation in the Middle East, sulfur prices have once again risen strongly this week, exceeding 10000 yuan. At present, the port inventory continues to decline, and there is a large gap between market supply and demand. It is expected that sulfur prices will remain high in the short term.
3、 Future forecast
An analyst from Shengyi Society believes that the market trend of ammonium phosphate has been dominant in recent days. Due to cost support and tight market supply, it is expected that the short-term market for ammonium phosphate will continue to operate with a strong upward trend. Suggest paying attention to changes in the raw material market.
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