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 2853 yuan/ton on May 6th, and 2893 yuan/ton on May 14th. This week, the market price of 55% powdered ammonium phosphate increased by 1.40%.
According to the Commodity Market Analysis System of Business Society, the average market price of 64% diammonium phosphate in China was 3883 yuan/ton on May 6th, and 3883 yuan/ton on May 14th. The market price of diammonium phosphate remained stable this week.
2、 Market analysis
This week, the market trend of monoammonium phosphate was relatively strong, with diammonium phosphate mainly consolidating. The price of raw material phosphate ore has increased, leading to increased cost support. Downstream demand for ammonium phosphate has increased, leading to tight market supply and rising prices. Some manufacturers have stopped selling due to insufficient supply. The market for diammonium phosphate is stable, with weak market demand and limited new transactions. As of May 14th, the market price of 55% ammonium powder in Hubei region is around 2850-2950 yuan/ton, and the factory price of 55% ammonium powder in Henan region is around 2900-3050 yuan/ton, with actual negotiations being the main focus. The outbound price of 64% diammonium in Shandong region is around 3820-4050 yuan/ton, and the outbound price of 57% diammonium is around 3520-3600 yuan/ton. The actual transaction is negotiable.
In terms of raw material phosphate ore. In the first week after the holiday, the overall phosphorus ore market in China saw a slight increase. After the holiday, the demand for phosphate ore in the terminal phosphate fertilizer market has improved, and the demand for phosphate ore has increased. In some regions of China, mining companies have improved their shipment pace, and the supply of mid to high end grade phosphate ore spot is tight. Therefore, some mining companies have raised the price of mid to high end grade phosphate ore narrowly after the holiday, with an increase of about 10-20 yuan/ton. As of May 14th, the domestic market price for 30 grade phosphate ore is around 1030-1100 yuan/ton.
In terms of downstream compound fertilizers. After the holiday, the compound fertilizer market fluctuated and adjusted, and in the short term, the market sentiment is improving. The intention to raise prices has increased, and some companies are trying to raise their prices, but the follow-up on transactions is limited, and the market continues to digest previous orders as the main focus. High nitrogen fertilizers have been boosted by the rise in urea prices, resulting in a slight increase or suspension of orders in some areas.
3、 Future Market Forecast
According to analysts from Shengyishe Ammonium Phosphate, there has been an increase in inquiries in the monoammonium phosphate market recently, and the focus of transactions has shifted upwards. The demand for diammonium phosphate has performed poorly, and the market is weak and consolidating. It is expected that the price of monoammonium will continue to remain strong in the short term, while the price of diammonium will remain weak and consolidate.
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