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 3120 yuan/ton on March 1st, and 3136 yuan/ton on March 7th. This week, the market price of ammonium phosphate increased by 0.53%.
According to the Commodity Market Analysis System of Business Society, the average market price of 64% diammonium phosphate in China was 3963 yuan/ton on March 1st. On March 7th, the average market price of 64% diammonium phosphate in China was 3966 yuan/ton. This week, the market price of diammonium phosphate increased by 0.08%.
2、 Market analysis
This week, the market for ammonium phosphate has risen, with manufacturers slightly raising their prices. The price of raw material phosphate ore has increased, leading to increased cost support. At present, the supply of ammonium phosphate is relatively low, and the market supply is tight. Downstream procurement is based on demand, and actual transactions are mainly negotiated. As of March 7th, the market price of 55 powder ammonium in Hubei region is around 3050-3100 yuan/ton, and the factory price of 55 powder ammonium in Henan region is around 3100-3200 yuan/ton, with actual negotiations being the main focus. The outbound price of 64% diammonium in Shandong region is around 3950-4050 yuan/ton, and the outbound price of 57% diammonium is around 3550-3650 yuan/ton. The actual transaction is negotiable.
In terms of raw material sulfur. This week, domestic sulfur prices first rose and then fell, and sulfur plants were operating normally with sufficient market supply. As of March 7th, the reference price for sulfur in East China is around 1020 yuan/ton.
In terms of raw material phosphate ore. This week, some mining companies in certain regions in China have raised prices in the mid to high end grade phosphate ore market narrowly, driving the overall focus of negotiations in the phosphate ore market upwards. As of March 7th, the domestic market price for 30 grade phosphate ore is around 1000-1100 yuan/ton.
3、 Future Market Forecast
According to analysts from Business Society, the current market situation for ammonium phosphate is generally stable with minor fluctuations. The spring plowing fertilizer season is approaching, and the demand side needs to be released. Recently, with the support of costs and supply side, it is expected that the short-term ammonium phosphate market will remain stable and improve.
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