1、 Price trend
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According to the commodity market analysis system of the business community, the average price of 55% of domestic powdered monoammonium was 3037 yuan/ton on May 1, and the average price of 55% of domestic powdered monoammonium was 2937 yuan/ton on May 8. The market price of monoammonium phosphate fell 3.29% this week.
According to the commodity market analysis system of the business community, the average price of 64% of the domestic diammonium phosphate market was 3893 yuan/ton on May 1, and the average price of 64% of the domestic diammonium phosphate market was 3893 yuan/ton on May 8. The price of diammonium phosphate market was stable this week.
2、 Market analysis
This week, the price of monoammonium phosphate decreased, and the operating rate of manufacturers decreased. The prices of raw phosphorus ore and sulfur have declined, resulting in insufficient cost support. Currently in the off-season of demand, trading on the market is light. As of May 8th, the market price of 55 powdered ammonium in Hubei region is around 2750-2850 yuan/ton, the market price of 55 powdered ammonium in Sichuan region is around 2750-3000 yuan/ton, and the market price of 55 powdered ammonium in Henan region is around 2850-2950 yuan/ton, with actual negotiations being the main focus.
This week, the price of diammonium phosphate remained stable, and the operating rate of manufacturers decreased. Raw material prices continue to weaken, and cost support weakens. Insufficient follow-up on downstream demand, with on-demand procurement being the main focus. The supply of goods in the diammonium market is tight, and the market is light, with weak consolidation and operation. As of May 8th, the market price of 64% ammonium chloride in Hubei region is around 3850-3950 yuan/ton, the outbound price of 64% ammonium chloride in Shandong region is around 4000 yuan/ton, and the outbound price of 57% ammonium chloride in Shandong region is around 3300 yuan/ton. The actual transaction is negotiated.
In terms of raw material sulfur, the price of sulfur rose this week and then fell back. The sulfur manufacturer’s equipment is operating normally, the market supply is stable, and the end industry’s trading volume is average. Downstream demand support is insufficient, and the sulfur refinery is temporarily stable in shipping. There is a lack of positive news on the market, and the short-term sulfur market is on the sidelines.
In terms of raw phosphorus ore, the price of domestic phosphorus ore market fell this week. Some phosphate ore manufacturers have suspended or reduced production, resulting in weakened downstream demand and a small amount of procurement. It is expected that the weak market will continue in the short term.
3、 Future Market Forecast
Analysts from the Business Society believe that the price of ammonium phosphate raw materials has continued to weaken recently, and cost support is weak. Downstream demand is weak, with fewer new orders on the market. It is expected that the market price of ammonium phosphate will be weak in the short term.
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