1、 Price trend
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According to the Commodity Market Analysis System of Business Society, the average market price of 55% powdered ammonium phosphate in China was 2600 yuan/ton on June 12th. On June 16th, the average market price of 55% powdered ammonium phosphate was 2583 yuan/ton. This week, the market price of monoammonium phosphate decreased by 0.64%.
According to the Commodity Market Analysis System of Business Society, the average market price of 64% diammonium phosphate in China on June 12th was 3816 yuan/ton. On June 16th, the average market price of 64% diammonium phosphate in China was 3810 yuan/ton. This week, the market price of diammonium phosphate decreased by 0.17%.
2、 Market analysis
This week, the price of ammonium phosphate has been adjusted down in a narrow range, and the equipment of ammonium phosphate enterprises is operating at low load. The prices of raw phosphorus ore and sulfur have decreased, weakening cost support. There is a small amount of downstream stock of monoammonium phosphate, and there are relatively few new orders in the market, resulting in a sustained weak market. The supply of diammonium phosphate in the market is tight, and downstream restocking is just needed. The demand for corn fertilizer is approaching its end. As of June 16th, the 55% market price of powdered ammonium in Hubei region is around 2500 yuan/ton, and the 73% market price of ammonium in Sichuan region is around 4950 yuan/ton, with actual negotiations being the main focus. The 64% market quotation for diammonium in Shandong region is around 3780-3850 yuan/ton, while the 57% market quotation for diammonium in Shandong region is around 2700-3300 yuan/ton. The actual transaction is negotiated.
In terms of raw sulfur, domestic sulfur prices have fallen this week. The reference price of sulfur in East China is 826.67 yuan/ton. The mainstream price of solid sulfur in Shandong region is around 870-880 yuan/ton, while the mainstream price of liquid sulfur is between 730-880 yuan/ton. The sulfur manufacturer’s equipment is operating normally, with no inventory pressure in the market, actively shipping, and less enthusiasm for downstream market entry. Purchasing follows up as needed, and the on-site trading atmosphere is average. The sulfur market is organized and running.
In terms of raw phosphorus ore, the overall domestic phosphorus ore market showed a slight decline this week. Some mining companies in China that reported higher prices in the early stage have slightly lowered the price of phosphate ore, with a reduction of around 10-20 yuan/ton, driving the overall focus of the phosphate ore market to decline slightly. As of June 15th, the domestic market price of 30% grade phosphate ore is around 950-1080 yuan/ton.
3、 Future Market Forecast
Analysts from the Business Society believe that the market trend of ammonium phosphate has been weak recently, with the demand side continuing to be weak and downstream purchasing on demand. The raw materials continue to weaken, and the cost side support is insufficient. It is expected that the market price of ammonium phosphate will be weak in the short term, and the main trend will be consolidation and operation.
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