1、 Price trend
| Thiourea |
According to the Commodity Market Analysis System of the Business Society, the average market price of 55% powdered monoammonium on June 1st was 2687 yuan/ton. On June 28th, the average market price of 55% powdered monoammonium was 2550 yuan/ton, and the market price of monoammonium phosphate fell by 5.12% this month.
According to the Commodity Market Analysis System of the Business Society, the average market price of 64% diammonium chloride on June 1st was 3833 yuan/ton. On June 28th, the average market price of 64% diammonium chloride was 3737 yuan/ton. This month, the market price of diammonium phosphate decreased by 2.50%.
2、 Market analysis
The price of ammonium phosphate fluctuated and fell this month. The prices of raw phosphorus ore and sulfur have declined, resulting in insufficient cost support. At present, in the off-season of the market, downstream demand is performing poorly, market trading has decreased, and the ammonium phosphate market is operating weakly. As of June 28th, the market price of 55 powdered ammonium in Hubei region is around 2400-2500 yuan/ton, while the market price of 55 powdered ammonium in Henan region is around 2500-2600 yuan/ton, with actual negotiations being the main focus. The quotation for 64% diammonium in Shandong is around 3500-3800 yuan/ton, while the quotation for 57% diammonium in Shandong is around 2650-3000 yuan/ton. The actual transaction is negotiated.
The raw material phosphate rock market has shown a weak decline overall in the domestic phosphate rock market this month. Starting from the beginning of the month, due to the weak downstream demand for phosphate ore, the overall shipment of phosphate ore has slowed down, and the mentality of the industry is average. Some mining companies have started to lower the price of phosphate ore shipments, with a decrease of around 20-30 yuan/ton. Due to the impact of shipments, some mining enterprises have added average new orders, so there is some pressure on the supply side, and the support provided by the supply side to the market is gradually loosening. In the later stages, the phosphorus ore market continues to move downward in the supply-demand game, with a 30% grade phosphate ore price reduction of around 40-60/ton.
In terms of the raw sulfur market, the sulfur market in East China was weak this month. The on-site refinery units operated normally, the market supply was sufficient, the enterprises were active in shipping, and the downstream parties were generally motivated to enter the market. A small number of purchases were followed up as needed. The manufacturer’s shipment was not smooth, and the inventory was accumulated. In order to promote the shipment, the refinery lowered the sulfur quotation, and the focus of sulfur transactions continued to move downward.
3、 Future Market Forecast
Analysts from the Business Society believe that the recent decline in raw material prices has weakened the cost support for ammonium phosphate. The low cost coupled with weak market demand has resulted in a continued weak market operation. Under the influence of bearish factors, it is expected that the price of ammonium phosphate will be weak in the short term, with consolidation and operation being the main focus.
| http://www.thiourea.net |