The ammonium phosphate market continues to weaken (5.8-5.12)

1、 Price trend

 

Thiourea

According to the commodity market analysis system of the business community, the average price of 55% of the domestic powdered monoammonium market was 2937 yuan/ton on May 8, and the average price of 55% of the domestic powdered monoammonium market was 2887 yuan/ton on May 12. The market price of monoammonium phosphate fell 1.70% 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 8, and the average price of 64% of the domestic diammonium phosphate market was 3893 yuan/ton on May 12. The price of diammonium phosphate market was stable this week.

 

2、 Market analysis

 

This week, the price of monoammonium phosphate fell and the market continued to weaken. The price of raw material phosphate rock has been lowered, and cost support has weakened. Downstream demand is weak, and there are relatively few new orders in the market, resulting in a continuous decline in the focus of monoammonium transactions. As of May 12th, the market price for 55 powdered ammonium in Hubei region is around 2800 yuan/ton, the market price for 55 powdered ammonium in Sichuan region is around 2850-2950 yuan/ton, and the market price for 55 powdered ammonium in Henan region is around 2850 yuan/ton, with actual negotiations being the main focus.

 

This week, the weak price of diammonium phosphate was sorted and operated. The price of raw material phosphate rock has been lowered, resulting in insufficient cost support. The downstream demand performance is flat, with a small amount of procurement following up, and the overall transaction atmosphere in the market is weak. The international market situation remains poor this week. As of May 12th, the market price of 64% ammonium chloride in Hubei region is around 3600-3700 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 sulfur, the price of sulfur has steadily increased this week. The sulfur manufacturer’s equipment is operating normally, the market supply is stable, the end industry trading is sluggish, and downstream demand is limited. The sulfur refinery is actively shipping, and the on-site trading atmosphere is average. Some manufacturers adjust their prices based on their own inventory and shipping situation, and the short-term sulfur market is waiting and organizing and operating.

 

In terms of raw phosphorus ore, the overall domestic phosphorus ore market has been weak and declining this week, with the overall focus of the market exploring downward. At present, although the overall support for the supply side of phosphate rock in China is still acceptable, the overall operating rate downstream of the phosphate rock industry chain is relatively low, and the demand for phosphate rock in some regions has weakened. The overall atmosphere in phosphate rock yards is average, and some mining companies have lowered the prices of mid to high-end grade phosphate rock by around 20-50 yuan/ton.

 

3、 Future Market Forecast

 

According to ammonium phosphate analysts from Business Society, the recent price reduction of raw material phosphate rock has resulted in insufficient cost support. Downstream demand continues to be weak, and market trading volume is relatively low. In the absence of positive market conditions, it is expected that the ammonium phosphate market will continue to be weak in the short term, with a downward trend being the main trend.

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