1、 Price trend
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According to the commodity market analysis system of the business community, the average market price of 55% powdered monoammonium was 3037 yuan/ton on May 1, 2687 yuan/ton on May 30, and the market price of monoammonium phosphate fell 11.52% this month.
According to the commodity market analysis system of the business community, the average price of 64% of diammonium phosphate market was 3893 yuan/ton on May 1, and the average price of 64% of diammonium phosphate market was 3833 yuan/ton on May 30. The market price of diammonium phosphate fell 1.54% this month.
2、 Market analysis
The price of monoammonium phosphate has continued to decline this month. The price of raw material phosphate rock has decreased, and cost support is insufficient. The market demand is weak, and there is insufficient follow-up on new orders. A small amount of procurement is the main focus, and the focus of market transactions continues to shift downwards. As of May 30th, the factory quotation for 55 powdered ammonium in Henan region is about 2600 yuan/ton, the market quotation for 55 powdered ammonium in Hunan region is about 2560-2700 yuan/ton, and the market quotation for 55 powdered ammonium in Sichuan region is about 2550-2700 yuan/ton. Actual negotiations are the main focus.
The price of diammonium phosphate has decreased this month. The trend of raw material prices is poor, and cost support is weakening. The supply of corn fertilizer is relatively low, downstream demand is weak, and the market trading atmosphere is cold. The market has a strong mentality of buying up rather than buying down. As of May 30th, the 64% market price of diammonium in Heilongjiang region is around 4000-4050 yuan/ton, the 64% market price of diammonium in Shandong region is around 3700-3850 yuan/ton, and the 64% market price of diammonium in Hubei is 3450-3600 yuan/ton. The actual transaction is negotiated.
The raw material phosphate rock market has shown a weak downward trend in the overall domestic phosphate rock market this month. In early May, the downstream yellow phosphorus industry chain and terminal demand showed average performance. The overall downstream construction started at a low level, and the demand for raw materials weakened. From bottom to top, phosphorus ore support was loosened, and the overall focus of phosphorus ore was explored. In late May, the supply side of the phosphate rock field continued to be tight, and under relatively low pressure from the supply side, the overall market remained stable. Towards the end of the month, the overall shipment situation of phosphate ore is not good, and downstream demand is weak. The overall phosphate ore market continues to decline and operate in a weak manner,
The market for raw sulfur has fluctuated and increased in domestic sulfur prices this month. In mid to early May, the sulfur market in East China was relatively strong and consolidated. Due to the maintenance of some refinery equipment, the supply of goods has decreased, and manufacturers are actively shipping. The market mentality is bullish, coupled with better upstream and downstream procurement, the sulfur quotation continues to rise. In late May, downstream purchasing returned to rationality, and there was a need to follow up immediately after entering the market. Refinery shipments were mainly stable, while some enterprises had poor shipments, resulting in a slight decrease in sulfur prices.
3、 Future Market Forecast
According to ammonium phosphate analysts from Business Society, the market for raw material phosphate rock has been weakening and declining recently, leading to a weakening of cost support for ammonium phosphate. Insufficient follow-up of terminal demand, resulting in continued sluggish market demand. Under the current negative market impact, it is expected that the ammonium phosphate market will continue to be weak and downward in the short term.
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