1、 Price trend
According to the Commodity Market Analysis System of Business Society, the average market price of 55% powdered ammonium phosphate in China was 3500 yuan/ton on December 8th, and 3500 yuan/ton on December 14th. The market price of 55% powdered ammonium phosphate remained stable this week.
According to the Commodity Market Analysis System of Business Society, the average market price of 64% diammonium phosphate in China was 4073 yuan/ton on December 8th, and 4056 yuan/ton on December 14th. This week, the market price of diammonium phosphate decreased by 0.41%.
2、 Market analysis
This week, the market price of ammonium phosphate remained stable and slightly decreased. The price of raw material phosphate ore is strong, and the price of raw material sulfur has increased, providing favorable support on the cost side. Downstream demand is weak, market inquiries have decreased, new transactions are limited, and many ammonium phosphate manufacturers have suspended their quotations. Although there is currently support for pending orders, as the volume of pending orders decreases, the support may weaken in the future. As of December 14th, the market price of 55 powder ammonium in Hubei region is around 3350-3450 yuan/ton, and the factory price of 55 powder ammonium in Henan region is around 3500 yuan/ton, with actual negotiations being the main focus. The market quotation for 64% diammonium in Shandong region is around 4000-4100 yuan/ton, and the actual transaction is negotiable.
In terms of raw material sulfur, the domestic sulfur price has risen this week. The sulfur refinery unit is operating normally and the market supply is stable. The intention to enter the downstream market for goods has increased, and the market trading atmosphere is positive. Refinery shipments are smooth, and inventory has decreased. Manufacturers have a positive attitude and will adjust their prices based on their own shipment situation. As of December 14th, the reference average price of sulfur in East China is 1096.67 yuan/ton.
In terms of raw material phosphate ore, the overall domestic phosphate ore market has remained stable and operational this week. At present, the overall atmosphere of the phosphate ore market is still good, and the mentality of phosphate ore holders is normal. Some mining companies are waiting for new orders to land next year. It is expected that the short-term trend of the phosphate ore market will be mainly stable with minor fluctuations. As of December 14th, the domestic price of 30 grade phosphate ore is around 1020-1080 yuan/ton.
3、 Future Market Forecast
According to analysts from Business Society, the trading atmosphere in the ammonium phosphate market has been poor recently, and the demand side has continued to be weak, resulting in a significant stabilization and slight decline in the ammonium phosphate market. Currently, there is still support from costs and pending orders. It is expected that the short-term market situation for ammonium phosphate will be weak, with consolidation and operation being the main focus.
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