1、 Price trend
Ammonium phosphate rose sharply in the first quarter, ushering in the peak season of the year. According to the data in the business club’s large list, the average ex factory price of powdered monoammonium phosphate on January 1 was 1906 yuan / ton, and the average ex factory price of powdered monoammonium phosphate on March 31 was 2083 yuan / ton. The overall price of powdered monoammonium phosphate rose 9.27% in the first quarter, with the highest increase of 11.89%. The lowest price in the quarter is 1890 yuan / ton, and the highest price is 2133 yuan / ton.
| Melamine |
According to the data in the business club’s large list, the average ex factory price of 64% diammonium on January 1 was 2200 yuan / ton, and the average ex factory price of 64% diammonium on March 31 was 2225 yuan / ton. The overall price of diammonium phosphate rose by 1.14% in the first quarter. The lowest price in the quarter is 2200 yuan / ton, and the highest price is 2225 yuan / ton.
2、 Market analysis
Monoammonium phosphate: in January, the market of monoammonium phosphate was weak, and the price fell steadily. The demand side is still weak, and the downstream purchases on demand. The transportation difficulty in many places leads to the increase of freight, and the overall price fluctuates little. In February, the shipment of monoammonium phosphate was large, the transportation gradually recovered, and the downstream procurement was active. The downstream compound fertilizer enterprises have increased the rate of resumption of work, which has promoted the price of monoammonium phosphate to rise, and the market is oriented well. In March, the price of monoammonium phosphate fell back after a substantial increase, and the rate of enterprises returning to work was 62%. The fertilizer market is in the peak season of sales, the price of raw sulfur keeps rising, and the downstream demand is increasing. In the later stage, the downstream compound fertilizer enterprises have sufficient stock and weak demand.
Diammonium: in January, the price of diammonium phosphate raw materials was low, the follow-up demand was weak, the price rise was blocked, and the transportation in many places was not smooth. Diammonium phosphate keeps stable operation, and the operating rate of the enterprise is about 50%. In February, diammonium phosphate remained stable without any sign of rising. Downstream traders mainly digested inventory. Market supply is strong and demand is weak, and downstream enthusiasm is poor. In March, the price of diammonium phosphate rose, and Hubei enterprises resumed production successively, with a return rate of 61%. The price tends to be stable after rising. The enterprise’s operating rate keeps rising, the spot supply is sufficient, and the number of new downstream purchase orders decreases.
| EDTA |
Industrial chain: raw sulfur rose by 24.50% in the first quarter. In January, the domestic sulfur market was weak, the port inventory was high, the consumption was slow, there was no information guidance in the market, the main thing was to wait and see, and the price was weak and stable. Affected by the environmental protection policy, the downstream demand performance is low. In February, the domestic sulfur market was relatively strong and the domestic price was up, but the downstream construction was low, the port inventory was still high and the consumption was slow, there was no information guidance in the field, and the main thing was to watch carefully. In March, the domestic sulfur market was strong. In the early stage, with the successive resumption of downstream factories and the improvement of road transportation, major production units in various regions have increased their performance to varying degrees.
Industry: according to the price monitoring of the business agency, there are 23 kinds of commodities in the rise and fall list of bulk commodity prices in the chemical industry sector in the first quarter of 2020, including 10 kinds of commodities with an increase of more than 5%, accounting for 11.8% of the number of commodities monitored in the sector; the top three commodities with an increase are isopropanol (57.44%), ammonium chloride (24.63%) and sulfur (24.50%). There are 59 kinds of commodities decreased on a month on month basis, and 44 kinds of commodities decreased by more than 5%, accounting for 51.8% of the number of commodities monitored in this sector; the top three products decreased were pure benzene (- 54.08%), propane (- 47.22%) and crude benzene (- 45.56%). This quarter’s average up or down was – 10.65%.
3、 Future forecast
Analysts of business association ammonium phosphate think that in the first quarter of spring ploughing season, the peak season of phosphate fertilizer, fertilizer rose together. The price of ammonium phosphate rose because of the sharp rise in raw materials and the strong demand for downstream compound fertilizer. It is expected that the fertilizer market will weaken in the second quarter, and the stable trend of ammonium phosphate market will prevail. It is suggested to pay attention to the real-time market trends.
| EDTA 2Na |