1、 Price trend
According to the Commodity Market Analysis System of the Business Society, the average market price of 55% powdered ammonium phosphate in China on October 17th was 3083 yuan/ton. On October 24th, the average market price of 55% powdered ammonium phosphate in China was 3083 yuan/ton. This week, the market price of monoammonium phosphate remained stable.
According to the Commodity Market Analysis System of the Business Society, the average market price of 64% diammonium phosphate in China on October 17th was 3883 yuan/ton. On October 24th, the average market price of 64% diammonium phosphate in China was 3900 yuan/ton. This week, the market price of diammonium phosphate increased by 0.43%.
2、 Market analysis
The market price of ammonium phosphate has steadily increased this week. The high level operation of raw material phosphate rock, the increase in raw material sulfur price, and cost support are favorable. At present, negotiations are mainly focused on the monoammonium phosphate market, and the market in the Northeast region follows up as needed. The factory still has support to be provided. The demand for diammonium phosphate in the market has shown good performance, with an increase in on-site inquiries and a positive trading atmosphere. As of October 24th, the market price of 55 powdered ammonium in Hubei region is about 3100 yuan/ton, while the factory price of 55 powdered ammonium in Henan region is about 3100 yuan/ton, with actual negotiations being the main focus. The market quotation for 64% ammonium chloride in Shandong region is around 3900 yuan/ton, and the actual transaction is negotiated.
In terms of raw material sulfur. This week, the domestic sulfur market trend is dominant. As of October 24th, the reference average price of sulfur in East China is 926.67 yuan/ton.
In terms of raw phosphorus ore. This week, the overall high level consolidation of the phosphorus ore market has been operating, and there has been little change in the supply and demand side of the site. The overall supply of mid to high-end grade phosphorus ore in some regions is still tight, while downstream demand remains stable, with most of the orders already in demand and pre orders. Currently, the overall price of phosphorus ore in the site has not changed much. As of October 24th, the domestic market price of 30 grade phosphate ore is around 950-1050 yuan/ton.
3、 Future Market Forecast
Analysts from the Business Society believe that due to cost support and pending orders, the ammonium phosphate market has steadily risen in recent days. At present, the market is operating well, with manufacturers and distributors mainly offering discounts. It is expected that the short-term market price of ammonium phosphate will steadily rise.
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