1、 Price trend
| Thiourea |
According to the data from the business society, the average price of 55% of the domestic powdered monoammonium market was 3136 yuan/ton on April 10, and 3126 yuan/ton on April 17. The market price of monoammonium phosphate fell 0.32% this week.
According to the data from the business society, the average price of 64% of the domestic diammonium phosphate market was 3987 yuan/ton on April 10, and the average price of 64% of the domestic diammonium phosphate market was 3943 yuan/ton on April 17. The market price of diammonium phosphate fell 1.11% this week.
2、 Market analysis
The price of monoammonium phosphate fell this week. The prices of raw phosphorus ore and sulfur have fallen, weakening cost support. Downstream demand is sluggish, with few new orders traded. As of April 17th, the market price of 55 powdered ammonium in Hubei region is around 3100 yuan/ton, the factory price of 55 powdered ammonium in Henan region is around 3150 yuan/ton, and the market price of 55 powdered ammonium in Sichuan region is around 3050-3150 yuan/ton, with actual negotiations being the main focus.
The price of diammonium phosphate has dropped this week. The prices of raw materials continue to weaken, and cost support is weak. Downstream demand is light, with small purchases being the main focus, and market trading performance is average. As of April 17th, 64% of the diammonium market in Hubei region has quoted around 3950 yuan/ton, while 64% of the diammonium market in Yungui region has quoted around 3880-4200 yuan/ton. The actual transaction has been negotiated.
In terms of raw sulfur, the price of sulfur has dropped this week. The sulfur market in East China continues to be weak and downward, with domestic refineries operating normally and market supply stable. The end industry has entered a off-season, with weak downstream demand and poor refinery sales. Enterprise quotations have been lowered to stimulate shipments, but downstream purchasing is limited and the market lacks positive support, resulting in a weak sulfur trend.
In terms of raw phosphorus ore, the overall domestic phosphorus ore market this week was slightly weak and moving downwards. The overall downstream demand side of the domestic phosphorus ore market is showing a weakening trend. Due to the weak and downward trend of the downstream yellow phosphorus market, the trading atmosphere in the yellow phosphorus market is light, and the demand support for phosphorus ore from below has become loose. Therefore, some phosphorus ore enterprises in Yunnan region continue to lower the price of whole phosphorus ore this week, with a decrease of around 10-50 yuan/ton.
3、 Future Market Forecast
Analysts from the Business Society believe that the price of ammonium phosphate raw materials has weakened recently, resulting in a bearish cost side. At present, the performance of terminal demand is insufficient, and the procurement volume has decreased. The overall trading atmosphere in the market is poor. It is expected that the weak and volatile operation of ammonium phosphate prices will be the main trend in the short term.
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