Ammonium phosphate market fell in the third quarter

Price Trend

According to the data of business associations, the domestic market price of monoammonium phosphate dropped in the third quarter of 2019. The average ex-factory price of powdered monoammonium was 2183 yuan/ton on July 1, and 2066 yuan/ton on September 30, falling by 6.06%.

According to the data of business associations, the domestic market price of diammonium phosphate dropped in the third quarter of 2019. On July 1st, the average price of 64% diammonium was 2616 yuan/ton, and on September 30th, the average price of 64% diammonium was 2416 yuan/ton, down 7.64%.

II. Market Analysis

Monoammonium: In the third quarter, the domestic market of powdery monoammonium declined. In Anhui, 55% ammonium powder is quoted from 1950 yuan to 2100 yuan/ton, and the start of construction is stable. In Hubei, 55% of ammonium powder is quoted at about 2050 yuan/ton, while 60% of ammonium powder is quoted at 2050-2200 yuan/ton. Henan market maintained stable operation, 55% of ammonium powder factory quoted 2100 yuan / ton, and started smoothly. The price of 55% ammonium powder in Shandong province is 2000-2100 yuan/ton, which is stable. Sichuan province 55% ammonium powder factory quoted about 2050 yuan/ton.

Diammonium: the domestic diammonium market fell in the third quarter. At present, 64% of diammonium in East China mainstream factory quotation 2100-2300 yuan/ton. At present, 64% of diammonium in Hubei province is offered 2300-2400 yuan per ton, 64% of diammonium in Shandong is offered 2200-2400 yuan per ton, and 64% of diammonium in Yunnan and Guizhou is offered 2400 yuan per ton.

Industry chain: In the third quarter, the domestic sulphur market continued to be weak, the price trend was down, the downstream demand performance was weak, there was no news support on the site, refineries in various regions fell appropriately according to their own conditions within the week. At present, the contradiction between supply and demand in the market is still the same. There is no news guide for the internal and external market. The atmosphere of stalemate and wait-and-see is strong, and the enthusiasm of terminal purchasing is weak. Domestic phosphorus ore slightly decreased. The overall market maintains stable operation, with small fluctuations in some areas. The price of liquid ammonia is relatively weak due to supply pressure. On the other hand, demand is not substantially good. The demand of compound fertilizer enterprises is insufficient and the whole is weak.

Industry: According to the price monitoring of business associations, there are 2 kinds of commodities rising and falling in the price list of phosphorus chemical industry in September 2019, 2 kinds of commodities falling, and 1 kind of commodity rising or falling to 0. The main commodities rising were yellow phosphorus (20.29%) and phosphoric acid (8.55%). The main commodities falling were monoammonium phosphate (-3.88%) and diammonium phosphate (-2.42%). This month’s average rise and fall was 4.51%. According to the price monitoring of business associations, there are three commodities rising and falling in the list of chemical fertilizer prices in September 2019, six commodities falling and ten commodities rising or falling to zero. The main commodities rising were ammonium nitrate (6.72%), liquid ammonia (2.39%) and ammonium sulfate (1.06%). The main commodities falling were ammonium chloride (-6.31%), monoammonium phosphate (-3.88%) and diammonium phosphate (-2.42%). This month’s average rise and fall was – 0.57%.

3. Future Market Forecast

Ammonium phosphate analysts at business associations said the ammonium phosphate market was weak in the third quarter and prices continued to fall. Due to insufficient follow-up downstream, the market price of raw material sulfur has fallen sharply, and the market of ammonium phosphate is difficult to improve. The downstream compound fertilizer market is light and enterprises have a strong wait-and-see attitude. It is anticipated that the ammonium phosphate market will continue to decline in the later period. It is suggested to pay attention to the situation of winter reserve fertilizer and raw material market.